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| Announcement Detail | Mutakamela Insurance Company announces that Moody’s has affirmed its Insurance Financial Strength Rating (IFSR) at “A3” with a stable outlook. This affirmation is an important indicator of the Company’s strong financial position, stability of operations, and its continued ability to meet policyholder obligations. as well as the support stemming from its majority ownership by ADNIC and the strategic alignment between these two groups. The rating is supported by several key factors, including strong asset quality resulting from a conservative investment strategy, robust capitalisation with a comfortable buffer above regulatory solvency requirements, and a solid market position within the Saudi insurance sector. It also reflects the adequacy of technical reserves, which are set and monitored using sound actuarial methodologies. Mutakamela Insurance emphasizes that this rating further strengthens confidence among clients, investors, and business partners, and reinforces the Company’s commitment to sustainable growth, strong risk management, and continuous enhancement of service quality. The press release issued by Moody’s is attached for further details. |
| Attached Documents | Attached Documents |