Walaa Cooperative Insurance Company announces that S&P Global Ratings has affirmed the Company’s Financial Strength Rating at (A-) and revised the outlook from stable to negative. | premargin

Walaa Cooperative Insurance Company announces that S&P Global Ratings has affirmed the Company’s Financial Strength Rating at (A-) and revised the outlook from stable to negative.

TadawulDecember 11, 2025View on exchange

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Announcement Detail	Walaa Cooperative Insurance Company (Walaa) announces that S&P Global Ratings has affirmed the Company’s Financial Strength Rating at ‘A-‘ long term insurer financial strength rating, ‘ksaAAA’ long-term Saudi national scale, and ‘gcAAA’ long-term Gulf Cooperation Council (GCC) regional scale financial strength ratings on Walaa supported by the high capital adequacy, which remains comfortably above S&P’s 99.99% benchmark. However, S&P Global Ratings has revised its outlook on Walaa’s ratings to negative from stable due to the continued underperformance relative to peers rated at ‘A-‘, both in Saudi Arabia and the wider GCC region.

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Explanation

Announcement Detail

Walaa Cooperative Insurance Company (Walaa) announces that S&P Global Ratings has affirmed the Company’s Financial Strength Rating at ‘A-‘ long term insurer financial strength rating, ‘ksaAAA’ long-term Saudi national scale, and ‘gcAAA’ long-term Gulf Cooperation Council (GCC) regional scale financial strength ratings on Walaa supported by the high capital adequacy, which remains comfortably above S&P’s 99.99% benchmark.

However, S&P Global Ratings has revised its outlook on Walaa’s ratings to negative from stable due to the continued underperformance relative to peers rated at ‘A-‘, both in Saudi Arabia and the wider GCC region.