Moodyz gives Ben Ghati the rating of “Ba3” to family companies

Bin Ghati Holding Company Ltd., working in the field of luxury real estate development in the UAE, has announced that Moody’s credit rating agency gave it the BA3 rating to family companies (CFR) for the first time, with a stable future look.

The company stated that the “Ba3” classification confirms the durability of “Ben Ghati” operations in many aspects, which reflects its strong position in the real estate market in Dubai, its effective integration with its other companies, and its excellent financial situation.

Moody’s referred to the strategic “Ben Ghati” control of the development operations, starting from the implementation of projects to cost management, which enhances operational efficiency, and contributes to achieving strong profit margins.

In its report, Moody’s pointed to the power of the company’s credit indicators, which is characterized by low leverage, strong interest coverage, and good liquidity levels.

Given that there are no debts owed to the company until 2027, it has the financial flexibility to support the main strategic growth initiatives, including the implementation of high -end real estate projects in cooperation with luxurious trademarks, such as “Mercedes -Benz”, “Bugatti” and “Jacob & Co”.

At the same time, the stable future view of Moodyz reflects the company’s continued implementation of its housing real estate projects in light of the strong demand for real estate in Dubai, and the company has strengthened its presence in the market by launching 16 new projects in 2024, which added 11 thousand and 750 housing units to the market, and Ben Ghati acquired 13 million square feet of the main development lands in Dubai, with a future development value of more than 26 One billion dirhams.

“We are proud of obtaining the strong Ba3 rating for the first time from (Moody’s), which is clear evidence of the strength of our financial performance, the effectiveness of our business model, and our commitment to a disciplined financial management.”

He added, “This new classification confirms our leadership in the luxury real estate market in Dubai, and our ability to preserve strong credit indicators and good liquidity, in conjunction with our continued progress in implementing our ambitious growth strategy.”