12:29 AM EDT, 08/31/2026 (MT Newswires) -- Fitch Ratings on Aug. 28 affirmed its insurer financial strength rating on Al Sagr Cooperative Insurance (SASE:8180) at BBB and revised the outlook to stable from negative. The revised outlook supports the Saudi insurer's improved underwriting performance and its "reasonably diversified" product offering despite its relatively small scale. Fitch also highlighted Al Sagr's progress in addressing corporate governance concerns raised by the Saudi Insurance Authority, following remedial measures that allowed the company to resume compulsory motor policy sales in June 2025. The rating is backed by the company's strong capitalization and small size in the Saudi insurance market.

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