Tassnief affirms Mobily's 'AA- (pi)' rating

Logo of Etihad Etisalat (Mobily)

Simah Rating Agency (Tassnief) affirmed Etihad Etisalat (Mobily)’s long-term credit rating at AA- (pi) and its short-term rating at T-2.

In its report, Tassnief said the ratings reflect Mobily’s strong credit standing and very high creditworthiness, indicating very low credit risk, though risk levels may vary slightly with economic or sectoral conditions.

The agency added that Mobily’s rating highlights its solid market position, robust network coverage, moderate business risk, and solid financial strength. The assessment also commends the company’s sound governance framework, supported by effective internal controls and well-structured strategic planning processes.

The rating reflected the positive trend shown by key financial indicators during 2024 and the current year, as the company’s financial position witnessed a notable improvement, particularly in leverage and coverage ratios.