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Weqaya Takaful Insurance & Reinsurance Co. Rated 'BBB' On Strong Capitalization; Outlook Stable

Wed, 2011-11-16 14:18 — newsdesk

Despite previous high depletion of shareholders' funds due to start-up and early operational costs, Weqaya Takaful Insurance & Reinsurance Co.'s capitalization remains strong relative to risk.
Standard & Poor's Ratings Services announced that it has assigned its 'BBB' long-term counterparty credit and financial strength ratings to Riyadh-based Weqaya Takaful Insurance & Reinsurance Co. (Weqaya Takaful), with a stable outlook.

Source: 

http://www.zawya.com/story.cfm/sidZAWYA20111112074310/Weqaya_Takaful_rat...