Logo ofRed Sea International Co.
Red Sea International Co. (RSI) announced its intention to issue SAR-denominated sukuk worth SAR 300 million under its sukuk issuance program. 
The issuance will be carried out in accordance with the rules on the offer of securities and continuing obligations issued by the Capital Market Authority (CMA), as well as the terms and conditions to be set out in the offering prospectus.
The move aims to support the company’s operational needs, future projects, and enhance the efficiency of its financing structure, Red Sea said in a statement to Tadawul today, May 21.
Sukuk Capital has been appointed as the sole arranger of the planned sukuk offering.
The sukuk issuance remains subject to obtaining the necessary approvals in accordance with the relevant laws and regulations.
Red Sea said the move aligns with its efforts to enhance the efficiency of its financing structure, support operational needs and future plans, diversify funding sources, and create sustainable value for shareholders.
Any further material developments will be disclosed in due course, the statement added.
Logo ofRed Sea International Co.
Red Sea International Co. (RSI) announced its intention to issue SAR-denominated sukuk worth SAR 300 million under its sukuk issuance program.
The issuance will be carried out in accordance with the rules on the offer of securities and continuing obligations issued by the Capital Market Authority (CMA), as well as the terms and conditions to be set out in the offering prospectus.
The move aims to support the company’s operational needs, future projects, and enhance the efficiency of its financing structure, Red Sea said in a statement to Tadawul today, May 21.
Sukuk Capital has been appointed as the sole arranger of the planned sukuk offering.
The sukuk issuance remains subject to obtaining the necessary approvals in accordance with the relevant laws and regulations.
Red Sea said the move aligns with its efforts to enhance the efficiency of its financing structure, support operational needs and future plans, diversify funding sources, and create sustainable value for shareholders.
Any further material developments will be disclosed in due course, the statement added.
