Riyadh-Amlak
Al-Jazira Bank, the leading provider of modern banking services compliant with Islamic Sharia law, has received an advanced rating from Capital Intelligence, one of the leading international credit rating agencies,
clearly reflecting the excellence and effectiveness of its business model and the strength of its performance. The international credit rating agency confirmed the bank’s BBB rating for financial strength and stability, a BBB+ rating for long-term foreign currency reserve adequacy, and an A2 rating for short-term foreign currency reserve adequacy. In explaining this rating, Capital Intelligence highlighted the bank’s abundant liquidity and its growth in customer deposits and operational profitability, It also pointed to the significant benefits the bank could derive from a stock market recovery. Commenting on these results, Mr. Nabil Al-Hoshan, CEO of Al-Jazira Bank, said: «We are delighted to receive this distinguished rating from Capital Intelligence, which confirms the strength of the foundations supporting our operations.
At the same time, it reflects the success of our strategies and the significant potential we possess at all levels. We remain committed to enhancing our products and services, strengthening our capital, and delivering the highest value to our shareholders.»