Al Jazeera Takaful obtains BBB+ credit rating from Fitch with stable outlook

Logo of Al Jazeera Takaful Cooperative Company

Al Jazeera Takaful Cooperative Company has obtained an Insurance Financial Strength (IFS) rating of BBB+, and a National rating of AA- (sau), both with a stable outlook, from Fitch Ratings. According to a company statement today on Tadawul, Fitch explained that the ratings reflect the company's capital strength, earnings flexibility and stability, as well as its established position in the protection and savings insurance sector.

According to Argaam data, Al Jazeera Takaful was founded in 2013 and operates in insurance activities including protection and savings, general insurance, and health insurance.

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