Page 137 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/16/24, 2:22 PM News | dayofdubai.com
Sobha Realty’s strong financial position has been further affirmed by recent credit rating upgrades.
Standard & Poor’s raised the company’s rating to BB/Stable, and Moody’s upgraded its sukuk rating to
Ba2/Stable, citing EBITDA growth and improved financial margins.

This successful sukuk tap marks a significant step in strengthening Sobha Realty’s financial

foundation, reinforcing trust with stakeholders and investors alike.

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