Al Sagr secures ‘BBB’ rating with ‘Stable’ outlook from Fitch

Logo of Al Sagr Cooperative Insurance Co. 

Al Sagr Cooperative Insurance Co. was assigned an insurance financial strength (IFS) rating of “BBB” and a national IFS rating of “A+(sau)”, both with a Stable outlook, by Fitch Ratings.

In a statement to Tadawul, the company said Fitch's rating reflects its robust capital position, strong financial performance, and moderately diversified insurance portfolio in relation to the scale of its operations within the Saudi insurance market.