Saudi Arabian Cooperative Insurance Co. (SAICO) announces that it has received an (A-) Insurance Financial Strength (IFS) Rating by SIMAH Rating Agency (Tassnief) | premargin

Saudi Arabian Cooperative Insurance Co. (SAICO) announces that it has received an (A-) Insurance Financial Strength (IFS) Rating by SIMAH Rating Agency (Tassnief)

TadawulMarch 27, 2025View on exchange

Element List	Explanation
Announcement Detail	Saudi Arabian Cooperative Insurance Co. (SAICO) announces that it has received a report on 26/03/2025 from SIMAH Rating Agency (Tassnief), which includes assigning an Insurance Financial Strength (IFS) Rating of (A-) with a Stable Outlook. According to the rating issued by SIMAH's Credit Rating Agency (Tassnief), the assigned rating to the Company was based on a several key factors, including its solid operational track record and current market position, strong capital base aligned with its risk profile, conservative investment profile, sound reinsurance program, sound governance and risk management framework.

Element List

Explanation

Announcement Detail

Saudi Arabian Cooperative Insurance Co. (SAICO) announces that it has received a report on 26/03/2025 from SIMAH Rating Agency (Tassnief), which includes assigning an Insurance Financial Strength (IFS) Rating of (A-) with a Stable Outlook.

According to the rating issued by SIMAH's Credit Rating Agency (Tassnief), the assigned rating to the Company was based on a several key factors, including its solid operational track record and current market position, strong capital base aligned with its risk profile, conservative investment profile, sound reinsurance program, sound governance and risk management framework.