Gulf International Bank’s Ratings and Stable Outlook Affirmed

12 August 2026

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 Gulf International Bank (GIB or the Bank) 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 KSA (‘AA-’/‘A1’/Stable) in case of need. This is based on the 97% ownership of GIB by the Public Investment Fund (PIF) – the KSA sovereign wealth fund – and the Saudi government’s strong capacity, willingness and consistent track record of providing capital and funding support for the Bank. Given the…