The upgrade reflects the company’s strong operating performance, which has consistently outperformed the market average in underwriting results\n Staff Writer, The PeninsulaJune 17, 2025RELATED TOPICS\nISLAMIC FINANCE\nQATAR\nINSURANCE\nPHOTOFILE PHOTO: FILE PHOTO: The S&amp;P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid/File Photo.\nDoha, Qatar: The S&amp;P Global Ratings has upgraded the long-term issuer credit and insurer financial strength ratings of Alkhaleej Takaful Insurance Company from BBB+ (positive) to A-, with a stable outlook.\nAccording to a statement published on the Qatar Stock Exchange website, the upgrade reflects the company’s strong operating performance, which has consistently outperformed the market average in underwriting results, in addition to the significant improvements in the company’s risk profile, achieved through various de-risking measures.\nEstablished in 1979, Alkhaleej Takaful Insurance Company offers a range of insurance and reinsurance services. Since 2010, it has operated as a Takaful (Islamic insurance) provider.\nOver the years, the company has contributed to Qatar’s economic development by offering insurance coverage for major government infrastructure projects as well as protecting the assets and properties of companies and individuals.\n© Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). \nDisclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here. © ZAWYA 2025

S&P upgrades Alkhaleej Takaful Insurance credit rating to A-

S&P Global Ratings upgraded Alkhaleej Takaful Insurance Company's long-term issuer credit and insurer financial strength ratings from BBB+ to A- with a stable outlook, citing strong operating performance, risk profile improvements, and contributions to Qatar's economic development.