Riyadh – Mubasher: Saudi Arabian Monetary Authority (SAMA) inaugurated on Wednesday Simah rating agency.
The governor of SAMA Ahmed Al Khulaifi said that the agency will work under the supervision of the Capital Market Authority (CMA) targeting an independent rating and evaluation.
Al Khulaifi added that Simah will help investors to evaluate the credit risks for the companies which seek finance through loans or issuance of securities of fixed yield, such as bills and bonds.
Simah rating agency is expected to have an important and tangible role in the financial sector and boost the development of the stock market, the governor noted.
