Standard & Poor’s Affirms Rating BBB+ (Stable) for Saudi Re

    Riyadh, Standard & Poor’s (S&P) has affirmed Saudi Re’s financial strength rating at BBB+ with a stable outlook. S&P expects that Saudi Re will gradually prove successful in establishing a good and diversified competitive position in Saudi Arabia, the GCC, and beyond, while generating sufficient revenues to cover costs, and is likely to continue to display tangible progress in the development of its competitive position…