Etihad Etisalat Firm brand – Mobily
Simah Credit score Score Company – Tasneef maintained a long-term credit standing of AA- (pi) and a short-term credit standing of 2-T for the corporate. Etisalat Union – Mobily.
Tasneef defined in its report that these rankings mirror a robust credit score place and that Mobily has a really excessive creditworthiness, and due to this fact a really low credit score threat, and that the chance place might fluctuate barely relying on adjustments in financial or sectoral circumstances.
She identified that the classification granted to Etihad Etisalat displays its sturdy market place, enough community protection, reasonable enterprise dangers, and stable monetary power. The analysis additionally praises the corporate’s sound governance construction, supported by efficient inside controls and considerate strategic planning mechanisms.
She added that this classification displays the optimistic path proven by the principle monetary indicators in the course of the 12 months 2024 and till the present 12 months, because the monetary scenario exhibits a noticeable enchancment, particularly within the indicators of monetary leverage and protection.
She said that the telecommunications sector within the Kingdom of Saudi Arabia exhibits relative stability within the stage of dangers, as its income sources are much less affected by financial cycles, just like public utility firms, due to the continual demand for telecommunications providers.
The score company famous that the rankings will stay conditional on strengthening the aggressive place, efficient implementation of strategic initiatives, and sustaining the momentum of monetary efficiency enhancements.
