In an indicator of global investor confidence

Moody's upgrades DB World's credit rating

Upgrading the credit rating of “DB World” strengthens its strategic assets.

From the source

Moody's Investors Services announced that it has raised the credit rating of the "DB World" group, which highlights the great confidence in the company's business and its future growth.

Yesterday, a statement stated that the upgrade of the group's classification comes in the wake of two major investments made in 2022 in three of the strategic assets of the "DB World" group in the UAE, which include: Jebel Ali Port, Jebel Ali Free Zone, and the National Industries Park.

The first investment was with the global investment group “Case de Dipo et Plasman du Quebec” (CDBQ) in May 2022, while the second investment was with the “Hasanah Investment Company”, the investment manager of the General Organization for Social Insurance in Saudi Arabia in December.

These two investments achieved a total value of $7.4 billion from the sale of a 32.2% stake in the assets of DB World in the UAE, which indicates the confidence of global investors in the group's business.

According to the report issued by "Moody's", the improvement in the rating of "DB World" is due to the diversified operations in the global ports that the group operates in strategic and fast-growing emerging markets, its strong financial profile, and its long-term growth potential.

Sultan Ahmed Bin Sulayem, Chairman and CEO of DB World Group, said: “The improvement in our credit rating according to Moody’s report indicates the confidence of global investors in our business and our world-leading assets, and our strategy to enhance our strong entry into the field of logistics services, which achieves us more value in the markets in which we operate.

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