Sukuk Capital, Tamam Finance collaborate. SAUDI ARABIA: Sukuk Capital and Tamam Finance entered a collaboration to develop joint financing and investment solutions, Bridge MENA reported. The initial outcomes and new solutions under the partnership are expected to be announced in the fourth quarter of 2026. Subscriber-only content Sign in with an active subscription, or choose the access level that suits you. * Full access to IFN subscriber articles and analysis * Exclusive reports, interviews, podcasts and market intelligence * Return directly to this article after signing in * Thursday, 17 September 2026

Saudi Arabia's Red Sea Global intends to issue sukuk worth 300 million riyals Al-Eqtisadiah from Riyadh Saudi Arabia's Red Sea Global Company intends to issue sukuk worth 300 million riyals, to support its operational needs and future projects and enhance the efficiency of its financing structure, according to what it announced on Thursday in a disclosure on Tadawul. The company's board of directors approved yesterday the issuance of sukuk denominated in riyals as part of the sukuk offering program. The terms and conditions will be determined in the offering document, for which Red Sea Global appointed Sukuk Financial as the sole manager to arrange it. The company said that the sukuk issuance is part of efforts to enhance the efficiency of its financing structure, support its operational needs and future plans, thereby contributing to diversifying funding sources and achieving sustainable value for shareholders. The company's board of directors had previously recommended increasing its capital by 280 million riyals, equivalent to 58% of the current capital, through a rights issue. Red Sea Global is active in providing housing solutions and compounds for employees of oil, gas, and mining exploration companies outside urban areas. It was founded in 2006, with a current market value of 1.57 billion riyals, and the Dabbagh Holding Group owns the majority stake of 38.3%.