AM Best Affirms Takaful International’s A- (Excellent) Credit Rating with Stable Outlook

TDT | Manama

Email: mail@newsofbahrain.com

Takaful International Company B.S.C. announced that AM Best has confirmed its rating of A- (excellent) with stable outlook, 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.

On this occasion, Mr. Essam Al Ansari, Chief Executive Officer of Takaful International Co., expressed his pride in this achievement, stating: “The company’s management is extremely pleased with this prestigious credit rating, which serves as a clear indicator of our strong operational performance and well established position in Bahrain’s insurance market. This rating, iss u e d by AM B e s t — one of the world’s leading credit rating agencies — reaffirms the effectiveness of our strategy, which is grounded in sound financial discipline, transparency, and full compliance with best practices in corporate governance. The rating also reflects our consistent performance over more than 35 years, during which we have built a strong and efficiently managed portfolio. We have steadily increased our market share, earning the trust of a broad base of clients, including individuals, financial institutions, industrial entities, and government organizations.”