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Red Sea International Plans SAR300 Million Sukuk Issue

MT Newswires·05/22/2026 00:00:15
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12:00 AM EDT, 05/22/2026 (MT Newswires) -- Red Sea International (SASE:4230) plans to issue 300 million Saudi riyals worth of sukuk to support its operations and future projects. The modular engineering company said Thursday that required approvals will be secured for the Saudi riyal-denominated sukuk issuance. It already received the board's approval on Wednesday.