Articles

AlKhaleej Takaful Group Rated BBB+

HE Sheikh / Saud bin Abdullah Bin Mohammed Jabor Al-Thani - CEO, announce that S&P Global Ratings has upgraded the long-term credit rating of Al-Khaleej Takaful Group from BBB to BBB + with a stable outlook.

This upgrade comes after the great improvement in operating performance, as well as technical profitability during the past two years, as a result of the positive changes in underwriting and claims procedures in the company.

CEO, also said that the company will continue the implementation of its plan to raise the improved operational performance, and the gradual reduction of the risk of assets & liabilities portfolio through the reclassification of restructuring the portfolio lines according to the recommendations of the rating agency , and regulators instructions to achieve stable returns for shareholders, Especially that this upgrade was based on diversifying of company high risk assets portfolio  and maintaining their capital adequacy ratio higher than the AAA level.

 

                                                   All rights reserved © Alkhaleej Takaful Group