MERIS Ratings

Sarwa Securitization Company S.A.E – 34th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)

Sarwa Sukuk Company S.A.E – 1st Issue

“A-“(sf)

Sarwa Sukuk Company S.A.E – 1st Issue

“A-“(sf)

Sarwa Securitization Company S.A.E – 34th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)

Capital Securitization Company – 5th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)

Tawriq Securitization Company – 5th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)

Tawriq Securitization Company – 5th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)

Tawriq Securitization Company – 5th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)

Sarwa Sukuk Company S.A.E – 1st Issue

“A-“(sf)

Capital Securitization Company – 6th Issue

Class A “AA+”(sf) Class B “AA”(sf) Class C “A”(sf)