| Announcement Detail | Al Kathiri Holding Company is pleased to announce to its honorable shareholders that it has obtained a long-term entity rating of “BBB-’’ and short-term entity rating of “T-4” . The outlook on the rating is “Stable”.Long term rating of ‘BBB-’ denotes adequate creditworthiness and average credit risk relative to other issuers or obligations in the Kingdom of Saudi Arabia. The short-term rating of (T-4) indicates the moderate capacity for timely payment of financial commitments relative to other issuers or obligations.Noting that this classification is the first classification obtained by the company from Simah Rating (Tassnief). |
