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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

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

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

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