Bank AlJazira – Rating s Affirmed

Ref: SA 0 0 5 2 3 CRA00- 01 19 Sep tember 202 4

Bank AlJazira – 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 Bank AlJazira (BAJ) at ‘A – ’ and ‘A 2 ’, respectively. At the same time, CI Ratings has affirmed B AJ ’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.

The Bank’s LT FCR is set two notches above the BSR to reflect the high likelihood of timely and appropriate extraordinary support from the government in case of need. All Saudi domestic banks are considered systemically important institutions that play a major role in building and nurturing the economy,…