-
- englishالعربية
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.
Related Video:
SNB Capital Named Best in Saudi Arabia for ECM, Research, and Islamic Structured Finance
SNB Capital has received three Euromoney awards, recognizing its leadership across equity capital markets, research, and Islamic structured finance. The institution was named Saudi Arabia's Best Investment Bank for Equity Capital Markets (ECM) and Saudi Arabia's Best for Research at the Euromoney Awards for Excellence 2026, and Saudi Arabia's Best Islamic Structured Finance House at the Euromoney Islamic Finance Awards 2026.
The Euromoney Awards for Excellence and Islamic Finance Awards are among the global finance industry’s most trusted recognitions, honoring institutions for their leadership, innovation, and client impact.
SNB Capital maintains a leading position in Saudi Arabia’s ECM market, holding more than 50% market share[1] at the end of 2025 and advising on the SAR 7.13 billion (USD 1.9 billion) ACWA Power rights issue, the Kingdom’s largest ECM transaction that year.[2]
That same market leadership carried into Islamic structured finance, where SNB Capital acted as joint lead on Saudi Real Estate Refinance Company's SAR 7.5 billion (USD 2 billion) Regulation S Guaranteed Sukuk in February 2025, one of the Kingdom's landmark Shariah-compliant financing transactions.
Underpinning both, SNB Capital launched its enhanced Research Portal, releasing 1,958 reports that delivered key investor insights and supported greater transparency across the Saudi capital market.
Together, these awards highlight SNB Capital’s contribution to Saudi Arabia’s capital markets, reaffirming its position as the institution of choice for issuers and investors seeking best-in-class execution, analysis, and Shariah-compliant solutions in the Saudi market.
Ends
SNB Capital Announces Successful Financial Close of USD 456 Million Landmark ECA Financing
SNB Capital is pleased to announce the successful financial close of a USD 456 million Export Credit Agency (ECA) financing, with Swiss Export Risk Insurance (SERV) providing cover.
SNB Capital acted as Sole Financial Advisor and Global Coordinator on the transaction, structuring and delivering a complex ECA-backed financing solution that establishes a new source of long-term foreign currency funding.
The financing was supported by a group of leading international financial institutions, comprising Santander CIB, Standard Chartered Bank, and UBS. The financing includes ECA support in connection with the export of equipment and services provided by GE Vernova. Proceeds from the financing support a large-scale power generation project in the Kingdom, aligned with Saudi Arabia’s energy transition strategy.
The transaction represents a number of important milestones for the broader Saudi financing landscape, including the first on-lending structure at this scale across the region, demonstrating the scalability and effectiveness of this financing model.
This milestone underscores the continued evolution of the Saudi financing landscape – broadening access to global liquidity pools and reinforcing the Kingdom’s position as a key destination for structured and ECA-supported financing solutions.
Commenting on the transaction, Maher Roz, Head of Corporate Finance at SNB Capital, said: “This transaction represents a significant milestone, establishing access to on-Lending ECA-backed financing as a new and strategic funding channel. It also highlights the growing role of structured financing solutions in enabling long-term, competitive funding for large-scale infrastructure and energy transition projects in the Kingdom.”
The successful execution of this transaction further demonstrates SNB Capital’s ability to originate and deliver complex structured financing solutions, strengthening its position as a trusted financial advisor on landmark transactions across the region.
