Malath Insurance Company: Moody's rating

Moody's has affirmed Malath Insurance Company's Baa2 financial strength rating with stable outlook.

The rating agency justifies its decision by the company's good position on the Saudi market. This rating could be either upgraded or downgraded depending on the evolution of the company's turnover.

The insurer ranked 11th on the Saudi insurance market in 2018, with a turnover of 729.076 million SAR (94.037 million USD) and market share of 2.1%.