Saudi’s Keir International to issue $8mln sukuk

Saudi’s Keir International to issue $8mln sukuk

Saudi-listed construction and utility services company Keir International is to issue a Saudi riyal denominated sukuk with a value of SAR 30 million ($8 million). The sukuk will support the company’s operational activities, a statement to Saudi stock market Tadawul said today. The company announced yesterday that it had signed two contracts with Saudi Electricity Company (SEC) worth $44.2 million. (Writing by Imogen Lillywhite; editing by Seban Scaria) [email protected]