S&P confirms Tawuniya's "A-" rating

Standard & Poor's (S&P) confirms the financial soundness rating "A-" with stable outlook for Tawuniya. The Saudi insurer has, therefore, the highest score among its local counterparts.

The rating agency justifies its decision by the good results achieved by Tawuniya in 2016 and during the first half of 2017. Capital adequacy to the risks underwritten and the strong competitive edge of the company are also among the assets mentioned by S & P.

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