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7/22/24, 1:10 PM Moody's Ratings affirms PNC Investment’s (Sobha Realty) Ba3 CFR - Middle East News 247

Moody’s Ratings affirms PNC Investment’s (Sobha

Realty) Ba3 CFR

By Middle East News 247 July 22, 2024

PNC Investments LLC (PNCI), the parent company of Dubai-based residential developer Sobha Realty,

received an affirmation of Ba3/stable corporate family rating (CFR) from Moody’s Ratings, an international
rating agency. Additionally, the agency has upgraded the senior unsecured rating of PNCI’s sukuk, issued by
Sobha Sukuk Limited, from Ba3/stable to Ba2/stable.

Being a renowned and trusted name in the real estate sector, Sobha Group has continuously delivered
excellence in the realm of luxury residential and commercial development, reflecting its unwavering

commitment to quality, innovation and customer satisfaction. The foremost backward integrated company
known in the world with all the key competencies and in-house resources to deliver a project from
conceptualization to completion ensuring timely delivery and unmatched quality. In the fast-paced real estate

market of Dubai, Sobha Group is poised for unparalleled achievement owing to its strong portfolio of
landmark projects and steady expansion.

Last Updated on 2 hours by Middle East News 247

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