SAICO assigned ‘A-’ financial strength rating by SIMAH

27/03/2025 Argaam
Logo ofSaudi Arabian Cooperative Insurance Co. (SAICO)

Logo of Saudi Arabian Cooperative Insurance Co. (SAICO) 

Saudi Arabian Cooperative Insurance Co. (SAICO) was assigned an “A-” insurance financial strength rating (IFSR) by SIMAH Rating Agency (Tassnief), with Stable outlook, the company said in a statement to Tadawul.

 

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The rating was based on a several key factors, including the company's solid operational track record, current market position, and strong capital base aligned with its risk profile. This is in addition to conservative investment profile, sound reinsurance program, as well as effective governance and risk management framework.

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