Logo ofRed Sea International Co.
Red Sea International Co.’s board of directors approved on May 12 issuing SAR-denominated sukuk under its Murabaha Sukuk Program, with a total value of SAR 100 million. The issuance is expected to take place through a special purpose vehicle (SPV). 
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In a statement to Tadawul, the company noted that it appointed Tarmeez Capital as the sole lead arranger for the purpose of establishing, issuing, and offering the sukuk.
Logo ofRed Sea International Co.
Red Sea International Co.’s board of directors approved on May 12 issuing SAR-denominated sukuk under its Murabaha Sukuk Program, with a total value of SAR 100 million. The issuance is expected to take place through a special purpose vehicle (SPV).
For more news on listed companies
In a statement to Tadawul, the company noted that it appointed Tarmeez Capital as the sole lead arranger for the purpose of establishing, issuing, and offering the sukuk.
