S&P assigns A rating to Tawuniya with stable outlook

10/09/2014 Argaam

Standard & Poor's Ratings Services affirmed the rating of the Company for Cooperative Insurance (Tawuniya) at A with stable outlook, the company said in a filing to Tadawul.

The rating reflects Tawuniya’s strong market position and risk management policy, and is the highest such rating assigned to an insurance firm in Saudi Arabia, the company said.

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