KEIR mulls to issue SAR-denominated sukuk worth SAR 30 mln

KEIR International Co. plans to issue Saudi riyals-denominated sukuk through the website of Sukuk Capital that is authorized by the Capital Market Authority (CMA) to offer and invest in debt instruments, the company said in a statement to Tadawul. 

The program is valued at SAR 30 million, the statement said, adding that the first installment will be offered in four issuances with a total value of SAR 10 million.

The move aims to support the company's operational activities.

The CMA approval is not required for the company's request to register and offer sukuk under the program.

Source: Argaam