MERIS Ratings

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)

Sarwa Securitization Co. 28th Issue

MERIS (Middle East Rating & Investors Service) Affirms The National Scale Ratings (NSR) Assigned to the 28th Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company

Al Rehab Securitization Co. 6th Issue (elmobasher 3rd Issue)

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) of the Sixth Multiple-Tranche Asset-Backed Securitization Bond Issued by Al Rehab Securitization Company and Originated by United International Trading Company “elmobasher” LLC (Third Transaction)

Sarwa Securitization Co. 20th Issue

MERIS (Middle East Rating & Investors Service) Affirms The National Scale Ratings (NSR) to The 20th Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company

Sarwa Securitization Co. 15th Issue

MERIS (Middle East Rating & Investors Service) Affirms The National Scale Ratings (NSR) To The 15th Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company

Sarwa Securitization Company 31st Issue (Palm Hills 4th Issue)

MERIS (Middle East Rating & Investors Service) Assigns National Scale Ratings (NSR) to the 31st 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 and its Subsidiaries

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