Updated June 2025

Capital Intelligence is committed to disclosing, under its Code of Business Conduct and Code of Ethics, and in accordance with the EU Regulation on Credit Rating Agencies, the names of rated entities or related third parties from which it receives more than 5% of its annual revenue.

Based on audited figures, Rawabi Holding Company  accounted for more than 5% of Capital Intelligence’s annual revenue in calendar year 2024.