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SNB Capital Achieves Upgrade to A2 Issuer Rating from Moody’s Ratings
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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Ministry of Environment, Water and Agriculture Launches the “Namaa” Endowment Fund and Appoints SNB Capital as Fund Manager
The Ministry of Environment, Water and Agriculture has launched the “Namaa” Endowment Fund, an investment fund offered through a public offering and compliant with Sharia standards, with its units endowed to support nonprofit entities operating across the Kingdom’s environment, water, and agriculture ecosystem.
SNB Capital has been appointed as the fund manager, in a step that reinforces its pivotal role in developing the endowment sector by contributing to its transformation into a sustainable investment model.
The launch of the “Namaa” Endowment Fund aligns with the objectives of Vision 2030, as it aims to increase the contribution of the nonprofit sector to GDP and support the sustainability of the environment, water, and agriculture ecosystem. It also aims to channel capital toward environmental and developmental projects with measurable impact by preserving the endowment’s capital and reinvesting its returns.
This initiative reflects SNB Capital’s commitment to advancing the endowment sector through modern financial management tools that improve efficiency, reinforce economic impact, and deliver sustainable value in line with the goals of Saudi Vision 2030.
SNB Capital and Investcorp Announce Strategic Partnership
SNB Capital announces a strategic partnership with Investcorp Saudi Arabia Financial Investments Company (Investcorp), focused on cooperation across asset management, investment banking, and wealth management.
The partnership brings together SNB Capital’s strong investment banking expertise and capabilities in fund structuring and development with Investcorp’s global investment platform and deep experience across alternative asset classes.
The aim of the collaboration is to originate and capitalize on investment opportunities in Saudi Arabia and internationally, spanning private equity, real assets, and credit.
SNB Capital’s partnership with Investcorp allows the group to access compelling opportunities in priority sectors, support capital formation, and contribute meaningfully to the Kingdom’s ongoing economic transformation.
As Saudi Arabia’s growth accelerates, sectors such as technology, logistics, healthcare, and infrastructure are experiencing rapid expansion, creating compelling opportunities for strategic capital deployment that support long-term economic diversification, resilience, and global competitiveness.
Leveraging deep local market expertise, strong regulatory engagement, and a proven track record of structuring and executing landmark transactions, SNB Capital supports the advancement of Saudi Arabia’s capital markets, in line with the Kingdom’s Vision 2030 objectives.
