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The Company for Cooperative Insurance (Tawuniya) Announces the Affirmation of Its Credit Rating and the Revision of Its Outlook by Fitch Ratings
| Element List | Explanation |
|---|---|
| Announcement Detail | The Company for Cooperative Insurance (Tawuniya) announces that it has received Fitch Ratings' credit rating report, which includes the revision of the Company's Outlook from Positive to Stable, while affirming its Rating at 'A'. The affirmation of the rating reflects Tawuniya's leading position in the Saudi insurance market, its very strong financial performance, and its strong capitalisation and leverage. Tawuniya remains committed to maintaining its strong financial position and continuing to execute its strategy to achieve sustainable growth and enhance value for its shareholders. |
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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Company Performance
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Last Price 137.3
Net Change 1.9 (+1.4%)
Value Traded (Sar) 19,532,520.4
Volume Traded 143,313
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