We assigned our 'ksaAA+' long-term and 'ksaA-1+' short-term Saudi Arabia national scale rating to Al Rajhi Bank (ARB). The long-term national scale rating reflects our 'BBB+' long-term global scale issuer credit rating on ARB. The positive outlook on the national scale ratings mirrors that on the global scale ratings. On July 25, 2022, S&P Global Ratings assigned its 'ksaAA+' long-term Saudi Arabia national scale issuer credit rating to Al Rajhi Bank (ARB). The outlook is positive. We also assigned our 'ksaA-1+' short-term Saudi Arabia national scale issuer credit rating to the bank. The 'ksaAA+' Saudi Arabia national scale rating on ARB reflects our 'BBB+' long-term issuer credit rating on the bank. ARB has been one of the main beneficiaries of
