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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

RAM rates Mumtalakat’s MYR 3 bln Sukuk

Posted on 15 August 2013

RAM Rating Services recently announced that it has reaffirmed Bahrain Mumtalakat Holding Company’s MYR 3 billion Sukuk Murabahah programme with a long-term rating of AA2 and a stable outlook, representing a strong investment grade credit rating profile.
Mahmood Hashim Al Kooheji, Chief Executive Officer of Mumtalakat said, “The strength of our business strategy and sustainability of favourablelong-term financial prospects have been underscored with RAM Rating Services reaffirmation of the AA2 long-term rating and stable outlook of Mumtalakat’s Sukuk programme.”……………………………………….Full Article: Source


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