Finance Professor: Kingdom's Economy Diversified and Resilient Amid Challenges
Professor of Finance and Investment at the College of Economics at Imam University, Dr. Mohammed Makni, praised the strength of the Saudi economy.
He added, during his interview broadcast on Al-Ekhbariya channel, that the Saudi economy is diversified, flexible, and capable of managing risks and enduring despite challenges and tensions.
He continued, stating that the Saudi economy attracts international investments and partnerships in a region where tensions persist, while the Kingdom's economy enjoys sustainability and does not experience a contraction in GDP.
Credit rating agency Fitch affirmed its credit rating for the Kingdom at 'A+' with a stable outlook, according to its recently issued report.
It explained that this reflects the strength of the Kingdom's financial position and its large financial reserves, as government debt ratios and net sovereign foreign assets are significantly stronger than the averages for 'A' and 'AA' ratings.
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Original source: Ajel.sa
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