GCCIA Secures A+ Credit Rating from Fitch

KSA, 13 August, 2024 : The Gulf Cooperation Council Interconnection Authority (GCCIA) has received an "A+/Stable" credit rating from Fitch Ratings, enhancing its access to financing and boosting investor confidence.

GCCIA CEO Eng. Ahmed Al-Ebrahim expressed satisfaction with the rating, emphasizing its importance for the Gulf region and the authority's commitment to further strengthening its position.

Fitch praised GCCIA's role in ensuring energy security and preventing power outages across the Gulf, noting its consistent revenue and profitability growth over the past five years.

Source : www.zawya.com