PHOTO
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)
