Mohammed Al Barwani New Sukuk Issuance SPC – Issue Rating Raised to ‘omBBB’

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the issue rating on the Oman National Scale assigned to the OMR30.1mn five-year Wakala sukuk issued by Mohammed Al Barwani New Sukuk Issuance SPC (the Issuer) to 'omBBB', from 'omBB+'. The sukuk was issued in June 2023. The Outlook on the raised rating remains Stable. The Issuer is a sole proprietor company incorporated in Oman by Mohamed Al Barwani LLC Group (MB or the Obligor) for the purpose of issuing the sukuk certificates.

Attachments

• CI Ratings Announcement (CRA)
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