22nd October, 2023

Takaful International Company B.S.C. (Trading Code: TAKAFUL) is pleased to announce 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.

On this occasion, Mr. 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.

Mr. Al-Ansari further added: “AM Best's recognition of Takaful International's business strategy, which is founded on principles of financial discipline, transparency, and commitment to corporate governance, further reinforces the company's track record of consistent performance over its 34-year history. During this time, our company has successfully built a well-managed business portfolio and expanded its market share in the local insurance market. This success has earned the trust of individual customers, as well as financial, industrial, and governmental institutions”.