2020

Golden Pyramids Plaza (citystars) 2nd Issue

MERIS (Middle East Rating & Investors Service) affirms the National Scale Rating (NSR) of an “BBB+” grade for Golden Pyramids Plaza’s (Citystars Properties) second bond and maintains the “BBB-” grade for the entity. The rating outlook is maintained at “Stable” for both the entity and the instrument

Sarwa Securitization Co. 25th Issue (Palm Hills 2nd Issue)

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) to the 25th Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company and Backed by a Portfolio of Real Estate Receivables Originated by Palm Hills Development Company and its Subsidiaries

Sarwa Secuitization Co. 29th Issue (Palm Hills 3rd Issue)

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) to the 29th Multiple-Tranche Asset-Backed Securitization Bond issued by Sarwa Securitization Company and Backed by a Portfolio of Real Estate Receivables Originated by Palm Hills Development Company and its Subsidiaries

Financial Group for Securitization Company 2nd Issue (MNHD 1st Issue)

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the 2nd Multiple-Tranche Asset-Backed Securitization Bond Issued by Financial Group for Securitization Company and Backed by A Portfolio of Real Estate Estate Receivables Originated by Madinet Nasr for Housing and Development Company

Sarwa Securitization Company 32nd Issue

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the 32nd Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company

Tawriq Securitization Company 2nd Issue (Raya 1st Issue)

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the 2nd Multiple-Tranche Asset-Backed Securitization Bond Issued by Tawriq Securitization Company an Originated by Raya Group Companies

Hermes Securities Brokerage Company – 1st Note

MERIS (Middle East Rating & Investors Service) assigns national scale long-term senior unsecured entity rating of “BBB+” with a Stable Outlook and a short-term senior unsecured issuer rating of “P2” to Hermes Securities Brokerage Company

The Arab Company for Projects and Urban Developments (1st Sukuk Issue)

MERIS (Middle East Rating & Investors Service) Assigns the National Scale Rating (NSR) of The Arab Company for Projects and Urban Development (Arab Company) at “A+” with a “Stable Outlook” For Both the Entity and the Ijara Sukuk Instrument to be Issued by EFG Hermes Sukuk Company (First Issue)

Hermes Securities Brokerage Company – 1st Note

MERIS (Middle East Rating & Investors Service) assigns national scale long-term senior unsecured entity rating of “BBB+” with a Stable Outlook and a short-term senior unsecured issuer rating of “P2” to Hermes Securities Brokerage Company

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