12:25 AM EDT, 10/22/2026 (MT Newswires) -- Moody's on Wednesday affirmed its long- and short-term bank deposit ratings on Bank AlJazira (SASE:1020) at A3/P-2, with a stable outlook. The ratings reflect "a very high likelihood" of support from the Saudi Government, given the bank's systemic significance for the country. The agency also cited Bank AlJazira's sound funding and liquidity, offset by relatively weak asset quality, lower capitalization, and profitability. Meanwhile, the stable outlook reflects expectations that the bank will maintain liquidity, capitalization, asset quality, and profitability despite pressure on capital and funding from rapid credit growth.

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