Arab National Bank – Rating s Affirmed

Ref: SA 0 0 4 2 3 CRA00- 01 19 Sep tember 202 4

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.

ANB’s LT FCR is set two notches above the BSR to reflect the high likelihood of timely and sufficient extraordinary support from the government if needed. All Saudi domestic banks are considered as systemically important institutions, which play an important role in building…