Arab National Bank – Rating s Affirmed

Ref: SA 0 0 4 2 CRA00- 01 20 Sep tember 202 3

Arab National Bank – Rating s Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of Arab N ational Bank ( ANB ) at ‘A’ and ‘A 1 ’, respectively. At the same time, CI Ratings has affirmed ANB ’s Bank Standalone Rating ( BSR ) of ‘bbb + ’, Core Financial Strength ( CFS ) rating of ‘bbb + ’ and Extraordinary Support Level ( ESL ) of High. The Outlook for the LT FCR remains Positive . The BSR remains on a Stable Outlook.

In January 2023, CI raised the LT FCR Outlook of ANB to Positive from Stable. The Positive outlook mirrored an earlier similar action on Saudi Arabia’s sovereign ratings (‘A+’/‘A1’/Positive). The better economic performance for KSA is likely to have a positive…