Fitch revises Tawuniya’s outlook to stable

Fitch Ratings has affirmed Tawuniya (The Company for Cooperative Insurance)'s 'A' (Strong) Insurer Financial Strength (IFS) rating and revised its outlook from Positive to Stable.

The agency also affirmed the company's 'AAA (sau)' National Insurer Financial Strength rating with a Stable outlook.

According to Fitch, the outlook revision reflects rising capital consumption, which could outpace capital generation despite the company's strong profitability.