Saudi Investment Bank – Ratings Affirmed

Ref: SA 01321 CRA00- 01 3 May 20 2 2

Saudi Investment Bank – 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 Saudi Investment Bank (SAIB) at ‘A-’ and ‘A2’ , respectively . SAIB’s B ank S tandalone R ating (BSR) of ‘bbb’ and E xtraordinary Support Level (ES L ) of High have also been affirmed . At the time, CI Ratings has raised the Bank’s Core Financial Strength Rating (CFS) rating to ‘bbb’ from ‘bbb-’. 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 appropriate extraordinary support from the government (KSA sovereign ratings: ‘A+’/‘A1’/Stable) in case of need. Moreover, SAIB’s largest single shareholder is the…