News of Bahrain
Business24 October 20231 min read

AM Best affirms Takaful International’s rating (A-) as highest for Takaful Companies in Kingdom

TDT | Manama The Daily Tribune – www.newsofbahrain.com Takaful International Company announced that AM Best, the leading credit rating agency, has confirmed its rating of A- (excellent), the highest credit rating for Takaful companies in the Kingdom of Bahrain. This rating

Editorial Team Legacy

Published 24 October 2023, 8:00 · Updated 22:16

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AM Best affirms Takaful International’s rating (A-) as highest for Takaful Companies in Kingdom

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Takaful International Company announced that AM Best, the leading credit rating agency, has confirmed its rating of A- (excellent), the highest credit rating for Takaful companies in the Kingdom of Bahrain.

This rating reflects the company's strong financial position, efficient operational performance, and robust risk management systems. Takaful International is the first and only Takaful company in the Kingdom to be classified within the A- financial and credit rating category.

The rating also underscores the strategic support and synergies between Takaful International and its parent company and Gulf Insurance Group, as well as their disciplined approach to corporate governance.

Essam Al-Ansari, the Chief Executive of Takaful International Company, expressed his pride in this achievement and emphasized that the credit rating validates the company's strong operating profits and its leading position in the Kingdom of Bahrain.

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