Arab National Bank ’s Ratings Affirmed

Ref: SA 00 42 1 CRA00- 01 20 September 20 2 2

Arab National Bank ’s Ratings 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 National Bank (ANB) at ‘A’ and ‘A1’, respectively . At the same time, CI Ratings has affirmed ANB’s Bank Standalone Rating ( BSR ) of ‘bbb+’, C ore F inancial S trength (CFS) rating of ‘bbb+’ and E xtraordinary S upport L evel of High . The Outlook for the LT FCR and BSR remains Stable.

The Bank’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 (Saudi Arabia Sovereign Rating: ‘A+’/ ‘A1’/ Stable). All Saudi domestic banks are considered as systemically important institutions, which play an important role in building…