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The rating agency has justified its decision by the strength of the company's balance sheet, its good operating performance, its adequate risk management policy and its risk-adjusted capitalization.
It should be remembered that the Pan-Arab reinsurer decided in 2015 and 2016 to consolidate its financial base. A choice adopted at the expense of a policy of dividend distribution to shareholders. At the end of 2016, the company's shareholder's equity amounted to 101.9 million USD.