"STANDARD & POOR'S" AFFIRMS ITS BBB CREDIT RATING OF WEQAYA TAKAFUL

Weqaya Takaful Insurance and Reinsurance Company announces the affirmation of "Standard & Poor's" on Weqaya's issued BBB credit rating with a stable outlook on Tuesday 27/11/2012.

Standard and Poor's (S&P's) affirmation on Weqaya Takaful Insurance and Reinsurance company's credit rating is a result of the ongoing and regular surveillance of Weqaya's performance for the second year in a row by Standard & Poor's (S&P's) agency which is considered to be as the most recognized international credit rating agency.

The affirmation of Weqaya's credit rating reflects the competitive position and the strong capitalization of the company, in addition to its long-term credit capacity. The stable outlook of the company indicates to the company's excellent management in addition to the ongoing and stable risk management, which have enabled the company to deliver strong and competitive performance.