Moody’s affirms Malath financial rating at ‘Baa2’ with ‘Stable’ outlook
12/01/2021
Argaam

Malath Insurance branch
Moody’s International Credit Agency affirmed the “Baa2” Insurance Financial Strength Rating (IFSR) of Malath Cooperative Insurance Co. with a ‘Stable’ outlook, the insurer said in a bourse filing.
This rating reflects the insurer’s robust foothold and brand in Saudi Arabia, strong asset quality driven by a conservative investment strategy, as well as the insurer’s good capital adequacy ratio.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
MALATH INSURANCE
9.91
(0.07)
(0.70%)
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