Gulf International Bank ’s Ratings Affirmed

Ref: B H 0 1 1 2 3 CRA00- 0 1 13 August 20 2 4

Gulf International Bank ’s Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong- Term F oreign C urrency R ating (LT FCR) and S hort- T erm F oreign C urrency R ating (ST FCR) of Gulf International Bank (GIB) at ‘A+’ and ‘A1’, respectively . The Outlook for the LT FCR is affirmed as Stable. At the same time, CI Ratings has affirmed GIB’s Bank Standalone Rating ( BSR) of ‘bbb-’, with a Stable Outlook, Core Financial Strength (CFS) rating of ‘ bbb- ’, and Extraordinary Support Level (ESL) of Very High.

The Bank’s LT FCR is set five notches above the BSR to reflect the very high likelihood of extraordinary support from the Kingdom of Saudi Arabia (KSA, ‘A+’/‘A1’/Positive) in case of need. This is based on the Public…