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Arabian Shield Cooperative Insurance Company announces that it received a rating of "A-" from Fitch Rating with a Stable Outlook
| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Shield Cooperative Insurance Company announces that it has received a notification dated 29 April 2024 corresponding to 20 Shawwal 1445 H from Fitch Ratings granting Arabian Shield Cooperative Insurance Company the Financial Strength Insurance Rating of "A-" and the National Financial Strength Insurance Rating of "AA (SAU)". The Outlooks are Stable. The ratings reflect Arabian Shield's overall financial health, which includes strong capitalization that positions it well for future growth. Fitch also views Arabian Shield’s diversified product mix favorably, as it offers a variety of insurance products that helps to mitigate risk for the company. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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