Red Sea International Approves SAR 300M Sukuk Issuance

RED SEA

RED SEA

4230.SA

0.00

Red Sea International Co. announced on May 21, 2026 its intention to issue Saudi Riyal-denominated sukuk valued at SAR 300,000,000 under a sukuk issuance program. The Board of Directors approved the issuance on May 20, 2026, with Sukuk Capital appointed as the Sole Arranger for arranging and offering the sukuk. The proceeds will support the company's operational requirements and future projects while enhancing the efficiency of its financing structure and diversifying funding sources.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95626&anCat=1&cs=4230&locale=ar

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