KSA - Moody’s assigns an A3 rating to Al Rajhi ins.
Thursday, 10 15 2020, Category: Rating, Country: Saudi Arabia
Moody's Investors Service ("Moody's") has today assigned an A3 insurance financial strength rating (IFSR) to Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful). The outlook is stable. Based in Saudi Arabia, Al Rajhi Takaful is a top tier property and casualty insurer, underwriting motor, medical, property and engineering and various other personal lines products.
Al Rajhi Takaful's main shareholders are: Al Rajhi Insurance Company Bahrain with a stake of 26.5%, Al Rajhi Bank (A1 long-term deposit rating, negative outlook, a3 Baseline Credit Assessment) with a stake of 22.5% and members of the Al Rajhi family with a stake of 7.5%.