S&P Rating Al Sagr Coop. Ins. Co. “BBB/Positive”
Al Sagr Cooperative Insurance Company announces having been awarded credit rating and financial stability outlook of BBB/Positive by Standard & Poor’s, in their press release on 30/04/2014. The company will continue to consistently achieve strong revenue as well as maintain the performance compared with base capital (total equity) amount of SR 334 Million, which helped to improve flexibility of facing the financial risks. Standard & Poor’s agency attribute the high expectation from stable to positive due to the expectation of the level of the capital adequacy (extremely strong) compared to the level of (very strong) as compared to the previous assets level of (very strong).