Rating Reports

This presentation provides a structured analysis of the Saudi capital market, offering a data-driven perspective on Tadawul’s structure, performance, and sector classification. This report aims to enhance transparency and support informed decision-making in the evolving Saudi financial landscape. The report covers the market structure, key definitions, regulatory framework, and the range of traded products. It offers a comparative performance analysis, benchmarking Tadawul against regional and global markets to highlight trends and positioning. It also provides an in-depth classification of industries based on key financial metrics, refining sector definitions and ensuring a robust assessment methodology. Our approach aggregates financial ratios rather than averaging them and excludes companies newly listed or delisted to maintain data consistency.

This report offers a detailed evaluation of the Kingdom's insurance industry, focusing on its financial performance, growth trajectory, and competitive environment. As part of our ongoing market analysis, we provide insights into the discrepancies between large, medium, and small insurers. We also delve into metrics like insurance penetration, the break-up of the industry gross written premium, and segment-specific developments, including health, motor, and protection & savings insurance. The report examines recent regulatory developments, notably the establishment of the Insurance Authority and the transition to IFRS 17 coupled with its implications for the industry's reporting & governance standards. With steady growth in demand for diversified insurance products, this report aims to inform stakeholders about the sector’s outlook and development prospects within the Kingdom’s evolving economy.

In an era defined by rapid technological advancements and evolving healthcare needs, Saudi Arabia stands at the forefront of transformative healthcare trends. As the Kingdom continues to invest in its healthcare infrastructure, significant trends have emerged that are shaping the future of healthcare delivery across the region. All such aspects have been covered in our report. Our goal is to provide stakeholders with the essential information they need to successfully negotiate the changing healthcare landscape.

As a local rating agency, we are pleased to present an in-depth analysis of the Kingdom of Saudi Arabia’s economic landscape. This report provides a comprehensive overview of the nation’s economic fundamentals and sectoral contributions. With a focus on key indicators such as GDP, foreign direct investment, trade dynamics, and debt sustainability, we assess the Kingdom’s financial resilience and long-term growth prospects. Additionally, we highlight the ongoing economic diversification under Vision 2030, which aims to reduce oil dependency and foster a more balanced, sustainable economy. By examining employment trends, inflation stability, and capital market performance, this presentation offers valuable insights into Saudi Arabia’s economic trajectory and its attractiveness to investors and stakeholders.

RATING aims to empower stakeholders—including investors, issuers, and financial institutions—with essential insights to navigate the dynamic and evolving banking sector landscape.

As part of our ongoing commitment to offer a deeper understanding of both global and local (Saudi Arabian) markets, we have developed this comprehensive review of the sukuk landscape. In this report, we provide a thorough overview of global and Saudi Arabian sukuk markets, shedding light on trends, regulatory developments, and emerging opportunities. Our objective is to equip stakeholders—investors, issuers, and financial institutions alike—with the critical knowledge needed to navigate the evolving sukuk ecosystem.