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Safa Investment Company Attains 'BBB+' Credit Rating with Stable Outlook from Sama Ratings Agency
Safa Investment Company has been awarded a credit rating of 'BBB+' with a stable outlook by Sama Ratings Agency.
Mr. Moath Ahmed Al-Zaid, CEO of Safa Investment Company, commented that this rating reflects the company's strong financial position and reduced credit risks. He noted that the rating takes into account the company's impressive track record, strong market position, sustainable revenue streams, geographical business diversification, operational efficiency, healthy profit margins, low debt structure, and minimal working capital requirements.
It is worth mentioning that Sama Ratings Agency is the first Saudi credit rating agency licensed by the Saudi Arabian Monetary Authority (SAMA) with license number 08-15001 on 07/01/2016 to conduct credit rating activities. The rating is subject to risks inherent in the real estate sector, characterized by periodic fluctuations, intense competition, and high risks in execution and sales.
This recognition underscores Safa Investment Company's commitment to maintaining financial stability and driving sustainable growth in the ever-changing business landscape.
