Riyadh – Mubasher: Aljazira Takaful Taawuni Company has received an Insurer Financial Strength (IFS) rating of 'BBB+' and a National IFS rating of 'AA- (sau)' from Fitch Ratings.
The credit rating agency assigned a stable outlook to both ratings, reflecting the company's solid financial position within the Saudi insurance market.
According to the disclosure, the ratings are supported by the company's strong capitalization and its resilient, stable earnings profile.
Fitch highlighted the firm’s established market position, particularly within the protection and savings insurance segment.
The assessment underscores the company's ability to maintain financial obligations and its competitive standing in the local Takaful industry.
This rating action provides an independent validation of the insurer's creditworthiness and operational stability as it continues to execute its business strategy in the Kingdom.
In June, the company’s shareholders approved a cash dividend distribution of SAR 26.40 million for 2025.
