Credit rating information presents the view of each rating agency regarding the ability of the Company to service and repay its short and long term debt. This information is set out for the convenience of users of this website and does not constitute an endorsement of the specifics of any report by the Company. Please consult the website of each rating agency for the definition and importance of any rating and expression.

Rating Agency	Long Term	Short Term	Outlook	Full Report
Standards & Poor’s	BB-	B	CreditWatch Negative	May 2022
Moody’s	Ba2	NP	Negative	Aug 2021

Core companies

Credit rating information presents the view of each rating agency regarding the ability of each Core Subsidiary of the Company (as defined in the EMTN terms of conditions) to service and repay its long term debt. This information is set out for the convenience of users of this website and does not constitute an endorsement of the specifics of any report by the Company. Please consult the full report and the website of each rating agency for the definition and import of any rating and expression.

Company	Rating Agency	Long Term	Short Term	Outlook
Burgan Bank	Standards & Poor’s	BBB+	A2	Negative
Burgan Bank	Moody's	Baa1	P-2	Stable
Burgan Bank	Fitch	A	F1	Stable
Burgan Bank	Capital Intelligence	A+	A1	Stable
Gulf Insurance Group	Standards & Poor’s	A	Not Applicable	Stable
Gulf Insurance Group	Moody's	A3	Not Applicable	Positive
Gulf Insurance Group	A.M. Best	A	Not Applicable	Stable
United Gulf Bank	Capital Intelligence	BBB	A3	Stable
KAMCO	Capital Intelligence	BBB	A3	Stable
United Real Estate Company	Capital Intelligence	BBB-	Not Applicable	Stable

Website Links:

www.standardandpoors.com
www.moodys.com
www.fitchratings.com
www.ciratings.com