MERIS Ratings

Sarwa Securitization Co. 23rd Issue (Amer Group 3rd Issue)

MERIS (Middle East Rating & Investors Service) Affirms the National Scale Ratings (NSR) To the 23rd Multiple-Tranche Asset-Backed Securitization Bond Issued by Sarwa Securitization Company and Backed by a Portfolio of Real Estate Receivables Originated by Amer and Porto Group Companies

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

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

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 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

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 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

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

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

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