Fitch assigns Gulf Union Alahlia 'BBB+' rating; outlook ‘Stable’

04/07/2024 Argaam

Fitch assigns Gulf Union Alahlia 'BBB+' rating, Outlook Stable

Logo of Gulf Union Alahlia Cooperative Insurance Co.

Fitch Ratings assigned Gulf Union Alahlia Cooperative Insurance Co. an Insurer Financial Strength (IFS) rating of “BBB+” and a National IFS rating of “AA-(sau)”, with “Stable” outlook for both ratings, the insurer said in a Tadawul statement today, July 4.

 

The ratings reflect the insurer's strong capitalization, improved financial performance, and good profile, the company added.

 

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