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

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)

 

English Press Release

Project details

Date:June 13, 2020
Client:The Arab Company for Projects and Urban Developments (1st Sukuk Issue)
Categories:Hightlights
Launch project
MERIS (MIDDLE EAST RATING & INVESTORS SERVICE) ASSIGNS NATIONAL SCALE RATINGS (NSR) TO THE SECOND MULTIPLE-TRANCHE ASSET-BACKED SECURITIZATION BOND ISSUED BY AL TAWFEEK SECURITIZATION COMPANY AND ORIGINATED BY AL TAWFEEK LEASING COMPANY (SECOND PORTFOLIO)

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