Page 55 - SOBHA REALTY PR REPORT - JULY 2024

7/22/24, 1:11 PM PRESSR: Moody's Ratings affirms PNC Investment’s - Sobha Realty - Ba3 CFR — TradingView News
PRESSR: Moody's Ratings

affirms PNC Investment’s -

Sobha Realty - Ba3 CFR

Jul 21, 202410:38 GMT+4

Dubai: 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.

To read more please find the link to PRL: https://ratings.moodys.com/ratings-
news/424962

-Ends-

For further information, please contact:

Orient Planet Group (OPG)

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