Economy
Moody’s upgrades DP World’s rating following $7.4bn investment in 2022
Follow-ups -eshrag News:
Thu, 2023-01-26 12:02
RIYADH: Global rating agency Moody’s has upgraded Dubai-based DP World’s ratings following major investments in the firm’s flagship UAE assets — the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park.
The Emirati logistics company received a total of $7.4 billion from two international funds — Canadian investment fund CDPQ in May and Saudi Arabian pension fund Hassana in December — through the sale of a 32.2 percent stake in the assets in 2022.
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