• Stable outlook reflects Moody’s expectation that SNB Capital will continue to deliver strong financial performance, maintain its leading market position, and benefit from ongoing integration with its parent company, SNB.

Riyadh, Saudi Arabia – SNB Capital, Saudi Arabia’s largest asset manager and investment bank, has been upgraded to an A2 issuer rating with a stable outlook projected.

The A2 issuer rating from Moody’s highlights SNB Capital’s stable financial framework, low credit risk, and ability to deliver consistent performance in changing market conditions, according to Moody’s.

“This rating upgrade is a recognition of SNB Capital’s ability to deliver consistent performance and maintain resilience in a dynamic financial landscape. As we build on this momentum, we are focused on driving sustainable growth, enhancing market accessibility, and shaping the future of Saudi Arabia’s capital markets in alignment with the goals of Vision 2030,” said SNB Capital CEO Rashed Sharif.

SNB Capital's strategic importance to its parent company, SNB, allows both to benefit from an increasingly integrated customer base, which has opened up significant cross-selling opportunities. Its evolving product suite aligns with SNB’s offerings, fostering collaboration and enhancing the value provided to clients.

Furthermore, the ratings agency also recognized SNB Capital’s leadership in Saudi Arabia’s asset management sector, where it maintains the largest market share with SAR 248 billion in assets under management as of September 2024. According to Moody’s, “The standalone assessment reflects SNB Capital's leading position in its domestic market, its good revenue diversification, notably across asset management and brokerage, as well as its strong profitability margins”.

The stable outlook reflects Moody’s expectation that SNB Capital will continue to deliver strong financial performance, maintain its leading market position, and benefit from ongoing integration with its parent company, SNB.

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About SNB Capital

SNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investments. SNB Capital is the top ranked broker in terms of market share on the Saudi Exchange as of September 2024, and the largest asset manager in Saudi Arabia with SAR 248 billion of assets under management as of September 2024. Further information is available at www.alahlicapital.com.

Follow SNB Capital on X @Capital_SNB. For media or general inquiries contact: snbccom@alahlicapital.com