AM BEST EUROPE ASSIGNS B++ RATING TO WALA'A WITH A STABLE OUTLOOK

10/11/2013 Tadawul

Wala'a is pleased to announce that AM Best Europe Rating Services has affirmed the financial strength rating of B++ (Good) and issuer credit rating of bbb issued to Saudi United Cooperative Insurance Co., Saudi Arabia. The outlook assigned to both ratings is stable. The ratings reflect the company's adequate level of risk-adjusted capitalization, stable underwriting performance and developing local profile.

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