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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Saudi United Cooperative Insurance Co.    8060   SA000A0MLUD8

SAUDI UNITED COOPERATIVE INSURANCE CO. (8060)
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Saudi United Cooperative Insurance : Walaa achieves Standard and Poor's BBB+ ranking

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03/13/2018 | 06:29pm CEST

Standard and Poor's (S&P) accorded the Walaa Cooperative Insurance Company a credit rating of BBB+. The outlook for the company was also upgraded from stable to positive, the company said in a statement. The Standard & Poor's report said that the rating reflects Walaa’s strong capital position as well as its growth in volumes and profitability. The company thanked the shareholders, employees and customers for their continued support in reaching this milestone. It is in addition to other achievements, including obtaining an ISO accreditation certificate (ISO 9001: 2015) for its quality management system. Sulaiman Al-Qadi, Walaa Chairman, said that the company's quality management meets the international standards set by ISO. The ISO 9001: 2015 certification is internationally recognized. He added that Walaa was keen to apply these standards to provide services as per international standards and make continued improvements. Accordingly, on December 20, 2017, the company received the certificate from the Intertek Group, the accreditation body.

(c) 2018. Alyammamah Press Est. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SAR)
Sales 2018 1 218 M
EBIT 2018 -
Net income 2018 128 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 8,24
P/E ratio 2019 8,51
Capi. / Sales 2018 0,86x
Capi. / Sales 2019 0,74x
Capitalization 1 052 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 32,7  SAR
Spread / Average Target 37%
EPS Revisions
Managers
NameTitle
Johnson Varughese Chief Executive Officer
Sulaiman Abdullah Hamad Al-Kadi Chairman
Salah Mohammed Al-Jaber Chief Operating Officer, VP-Sales & Marketing
Shehail Abdulaziz Ahmed Al-Shehail Chief Financial Officer & VP-Administration
Wasif Farooq Minhas Vice President-Technical Affairs
Sector and Competitors