Links Group rated ‘A’ by Dubai SME Rating Framework
Originally published in CPI Financial by Georgina Enzer (link below)
An initiative of Dubai SME, the Framework is the first rating system for small and medium-sized companies (SMEs) in the region and provides an independent assessment of their financial and non-financial performance.
Launched under the patronage of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the SME RATE Framework aims to stimulate the growth of the SME sector and highlight the pivotal role it plays in advancing and diversifying the UAE economy. In this way the initiative will help to achieve the goals set by the Dubai Plan 2021, in particular to increase SME GDP contribution to 45 per cent by 2021, up from its current 40 per cent.
The Dubai SME Rating Framework ranks companies based on five weighted criteria: business performance, both financial and operational; innovation; international expansion; corporate governance; and corporate social responsibility. The five achievable ratings are A+, A, A-, B+ and B and only apply to companies with a turnover of between AED 2 million and AED 200 million, and which typically employ between five and 200 staff.