Simah Rating Agency (Tassnief) has granted an issuer rating of “BB” to the Riyadh-based Maalem Financing Company.
It also assigned a preliminary long-term rating of “BB” to the proposed sukuk of the Company.
Tassnief is a Saudi rating agency licensed by the Capital Market Authority to conduct rating activities in accordance with global standards.
It includes several products such as rating services for companies, financial institutes, sovereign bonds, sukuk and investment funds in addition to other products as per the market’s needs.
Tassnief is also a business enabler and plays an important role in the financial sector.
It promotes transparency for business owners, investors, regulators and the government as well as clarity and competitiveness for both the local and international economies.
It helps to create an investment environment in accordance with the transformation taking place in the Kingdom in line with its Vision 2030.
