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  • Standard & Poor’s Revises Outlook of SABB from ‘Stable’ to ‘Positive’

    Standards & Poor’s ratings Services announced revised its outlook of SABB from ‘stable’ to ‘positive’. The prestigious credit rating agency affirmed the long-term and short-term counterparty credit rating at ‘A/A-1’.

    The outlook revision follows a similar action on the Kingdom of Saudi Arabia, Standard & Poor’s revised the outlook to ‘positive’. The positive outlook reflects the systemic importance of SABB in Saudi Arabia, the stand-alone credit profile, as well as the high governmental support offered to the banking sector by the Saudi government.

    Commenting to the announcement, Abdullah Aloraini, Head of Accounting, Asset & Liability Management and Investor Relations, said “We are pleased to learn of S&P’s outlook revision. The continued hard work and financial discipline at SABB resulted in earning such an optimistic view. We are determined to continue the strong performance and commitment shown to enhance our already very good position within the Saudi financial services sector.”


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