Credit rating agency Moody's confirmed on Friday its Aaa rating to Saudi Arabia’s domestic Sukuk issuance program.
Finance Minister Mohammed al-Jadaan said: “The rating reflects the strength of the Kingdom’s economy and ability to confront global economic challenges, especially amid the current extraordinary crises and circumstances endured by the world.”
“It also demonstrates the efficiency of structural reforms and financial and economic policies aimed at boosting economic growth, sustainability and diversification in order to achieve comprehensive development,” he added.
The rating underscored the great trust in the Saudi economic and finance sectors, he stressed.
The government will continue to forge ahead to achieve the goals of Vision of 2030 and empower the local financial sector to transform it into a global hub by 2030, he vowed.
