Red Sea International Co (4230)

Riyadh – Mubasher: Red Sea International Company submitted an application file to the Capital Market Authority (CMA) to increase its capital on 4 April 2024, according to a bourse disclosure. The capital raise will be implemented by debt …

Riyadh – Mubasher: The Fundamental Installation for Electric Work Company (First Fix), a subsidiary of Red Sea International Company increased its loan from Saudi Awwal Bank (SAB) to SAR 196.10 million, according to a bourse filing. The unit …

Riyadh – Mubasher: Red Sea International Company recently completed the acquisition of 51% shareholding in Fundamental Installation for Electric Work Company (First Fix) for a total of SAR 544.17 million. The acquisition, which was first announced …

Riyadh – Mubasher: Red Sea International Company inked a SAR 192.01 million contract with the Royal Commission for Al Ula (RCU) on 14 December 2022 to develop a turnkey housing complex in Al Ula. Under the 12-month agreement, the Tadawul-listed …

Riyadh – Mubasher: Red Sea International Company’s accumulated losses have decreased to 20% of the company’s capital, according to a stock exchange statement on Wednesday. The company has offset the total accumulated losses as of 31 March 2022 …

Riyadh – Mubasher: Red Sea International Company has signed a facility agreement worth SAR 35 million with Saudi British Bank (SABB). The company obtained the loan on 18 August 2022 to finance its projects, according to a bourse filing. Meanwhile, …

Riyadh – Mubasher: Red Sea International Company said its accumulated losses have dropped to 0% of the company’s capital, according to a stock exchange statement on Monday. The company's accumulated losses stood at SAR 297.65 million as of 31 …

Riyadh – Mubasher: The shareholders of Red Sea International Company have agreed to reduce the capital by SAR 297.65 million (49.61%). The listed firm will decrease its capital by cancelling 29.76 million ordinary shares, equivalent to 1 share for …

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the capital reduction requests of Red Sea International Company and Al Jouf Cement Company to offset accumulated losses. Red Sea International will reduce its capital from SAR 600 …

Riyadh – Mubasher: Red Sea International Company has incurred net losses after Zakat and tax worth SAR 19.10 million in the first quarter (Q1) of 2022, lower by 42.12% than SAR 33 million in Q1-21. The company’s revenues increased by 8.11% to SAR …

Riyadh – Mubasher: Red Sea International Company has signed a contract worth $14.24 million (SAR 53.42 million) with Samsung C&T to support the Abu Dhabi National Oil Company's (ADNOC) initiative to decarbonise onshore and offshore production …

Riyadh - Mubasher: The board of Red Sea International Company has recommended a capital reduction by cancelling 29.06 million shares, equivalent to reducing one share for every 2.06 shares, to offset the accumulated losses. The Saudi listed …

Riyadh–Mubasher: Red Sea International Company has suffered net losses after Zakat and tax worth SAR 130.4 million in 2021, a % 17.62 year-on-year (YoY) plunge from SAR 158.3 million. Revenues stood at SAR 468.2 million in 2021, down 12.23% from …

Riyadh – Mubasher: Red Sea International Company has penned a contract worth SAR 245.77 million with Baker Hughes Company to design, manufacture, supply, and manage remote mobile modular buildings. The agreement holds a duration of seven years …

Riyadh – Mubasher: Red Sea International Company reported a year-on-year (YoY) decrease of 30% in net losses after Zakat and tax at SAR 31.2 million during the third quarter (Q3) of 2021 from SAR 44.8 million. Revenues grew by 4.6% YoY to SAR …

Riyadh – Mubasher: The interim financials of Red Sea International Company reported a SAR 62.1 million net losses after zakat and tax in the first half (H1) of 2021, up 18.51% from SAR 52.4 million in the year-ago period. The rise in losses is …

Riyadh – Mubasher: Red Sea International Company has penned a three-month contract worth SAR 52.93 million with the Royal Commission of AlUla, according to a bourse disclosure on Wednesday. The listed company will design, construct, supply, and …

Riyadh – Mubasher: Red Sea International Company announced the appointment of Amr Abdullah Al Dabbagh as the Chairman of the board starting 10 May 2021, according to a bourse disclosure on Tuesday. The company has also appointed Sami Ahmed bin …

Riyadh – Mubasher: Red Sea International Company’s third-quarter losses increased by 60.6% on an annual basis to stand at SAR 44.8 million due to lower revenues and gross profits. The Tadawul-listed firm generated SAR 114 million in revenue during …

Riyadh – Mubasher: Red Sea International Company has penned a contract with NEOM to provide facility management, operations, and maintenance services for the residential and business complex it will build as per the contract announced on 6 October …

Riyadh – Mubasher: Red Sea International Company inked a contract with NEOM for SAR 78 million, within one of the leading development projects in Saudi Arabia. Under the four-month deal, Red Sea Company will design, build, and implement …

Riyadh – Mubasher: Red Sea International Company’s net losses levelled down by 0.73% on a yearly basis during the second quarter (Q2) of 2020 to stand at SAR 27.3 million. The marginal decrease in losses was driven by an increase in gross profit …

Riyadh – Mubasher: Red Sea International Company recorded a 39.4% increase in net losses to SAR 25.1 million during the first quarter (Q1) of the year, up from SAR 18 million in Q1-19. Accordingly, losses per share increased to SAR 0.42, compared …

Riyadh – Mubasher: Red Sea International Company posted a 102% year-on-year hike in its net losses for the third quarter of 2019, recording SAR 27.9 million. Revenues of the Saudi-based firm plunged by 18.7% to SAR 153.2 million in Q3-19, compared …

Riyadh – Mubasher: The board of directors of Red Sea International Company has approved the resignation of its chairman, Ibrahim Hasan Al-Madhoun, for personal reasons. The resolution came into force on Monday, 19 August, according to the …