News & Announcements

ARABIAN SHIELD

29 April, 2024 16:01

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.

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.

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