UAE – Mubasher: Fitch Ratings has maintained the Long-Term Issuer Default Rating (IDR) at 'A' for the UAE-based Arab Bank for Investment & Foreign Trade (Al Masraf), with a stable outlook.

The rating agency has assigned the F1 rating to the bank's short-term obligations, according to a recent press release.

This rating reflects the bank's stability and ability to efficiently manage risks, in addition to its strong financial position.

It is noteworthy to mention that in 2019, the bank has laid the foundation stone of its building in Khalifa Industrial Zone Abu Dhabi (KIZAD), becoming the first bank to operate his businesses in the zone.