Based on the related provisions set out in the Credit Rating Agencies Regulation, the CMA's Board of Commissioners has issued its resolution authorizing the formation of SIMAH Rating Agency (TASSNIEF ) . The commencement of business shall be subject to fulfilling the requirements set out in the letter from the CMA.
Simah Rating Agency (Tassnief) has assigned today to Maalem Financing Company "issuer" rating of "BB" (Double B).The outlook on the rating is "Stable". Tassnief has also assigned a preliminary long-term rating of "BB" (Double B) to the proposed Sukuk of Maalem Financing Company. For more information, please download the following document:
Entity Rating Rationale
Sukuk Rating Rationale
Simah Rating (Tassnief)
has assigned AA+ (Stable) insurance financial strength rating to
Cooperative Reinsurance Company (Saudi Re)For more information, please download the following document:
Rating Rationale.pdf
