Strong, stable financial profile, with capitalization, liquidity, and financial flexibility all assessed as strong. Strong business profile with successful operations in UAE, Algeria, Egypt, Senegal, Saudi Arabia, and Jordan complemented by BEST RE sub-group writing reinsurance business in over 60 countries. Long, consistent track-record of external growth and diversification complemented internally by continuous enhancement of procedures, personnel, systems, risk management, and governance. Investments assessed as good, rather than strong, as exposure to equities and property creates potential volatility, though capital base is sufficient to absorb fluctuating valuations. Economic and industry risks of the group's extensive operations in potentially volatile and, through BEST RE, catastrophe-prone regions. The ratings reflect the Salama/IAIC group's strong capitalization, strong consolidated business position, strong liquidity, strong
