Apr 2023

Standard & Poor’s affirms its A+ Rating for “Dhaman”

On April 25, 2023, S&P Global Ratings Services affirmed its A+ long-term issuer and financial strength credit rating on Dhaman. The outlook remains stable.

Standard & Poor’s issuer credit ratings on Dhaman are based on:
• Strong financial profile.
• Good capital adequacy.
• Excellent liquidity.
• Stable and continuous support by shareholders.

Dhaman’s gross insured business witnessed a significant increase of 44% in 2022; its Board of Directors approved a new five-year strategic plan for 2022-2026 to enhance the corporation’s development role in member countries. The new strategy aims to repurpose Dhaman’s vision and mission and redefine its risk appetite favoring investment projects and international trade transactions with a more significant developmental impact. It also outlines plans for growth, including new markets and products.

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