Riyadh –  Standard & Poor's (S&P) Global Ratings has revised Wataniya Insurance Company’s rating at ‘BBB’.

The global rating agency has altered its outlook for the company’s rating from positive to stable, according to a bourse disclosure on Thursday.

It is worth noting that in September 2021, the board of Wataniya Insurance recommended a SAR 200 million capital increase through the rights issue to support its future business and solvency margin position.

All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.