Monday 24, December 2012 by Robin AmlĂ´t

RAM Ratings reaffirms AA3/P1 ratings of Naim’s Islamic debt issues with negative outlook

RAM Ratings has reaffirmed the respective AA3 and P1 ratings of Naim Holdings Berhad’s MYR 500 million Islamic Medium-Term Notes Programme (2010/2025) and MYR 100 million Islamic Commercial Papers Programme (2010/2017); the outlook on the long-term rating is maintained at negative. Naim is mainly a property-development and construction group based in Sarawak. It also holds a 34 per cent-stake in Dayang Enterprise Holdings Berhad, a listed provider of oil and gas support services.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more