Riyadh — Mubasher: Fitch Ratings has affirmed the Insurer Financial Strength (IFS) rating of Walaa Cooperative Insurance Company at "A-" and its National IFS rating at "AA+(sau)".

The credit rating agency maintained a stable outlook for both ratings, according to a bourse filing.

The affirmations reflect the strength of its capital position and its established institutional profile. Fitch noted that these positive factors are balanced against volatility in the company's financial performance.

The ratings serve as an independent assessment of the insurer's ability to meet its ongoing obligations to policyholders and creditors within the Saudi Arabian insurance market.

No changes to the company's operational structure or financial obligations were reported in conjunction with the rating action.

In the second quarter (Q2) of 2026, the company’s net profit after Zakat hit SAR 26.99 million, against net losses valued at SAR 49.35 million in Q2-25.