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Red Sea International Co.

Companies with accumulated losses reaching 50% or more of its capital'

4230
RED SEA
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  • Main Market
  • Real Estate Mgmt & Dev't

Stats Overview

  • Prev. Close 30.55
  • Open 30.55
  • High 32.50
  • Low 30.55
  • No. of Trades 1,661
  • Avg. Trade size* 254
  • Volume Traded 421,868
  • Value Traded (SAR) 13,403,182.00

Performance

RED SEA
1.35 ( 4.42% )
Compare
Name Price Change %
Red Sea International Co. 30.55 4.42%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
31.90
% Change
4.42
Volume Traded
164

Best Bid

Price 31.75
Volume 3

Best Offer

Price 31.90
Volume 6,686

52 WEEK

High
35.85
2024/04/21
Low
19.90
2023/11/15
Change**
23.88

PERFORMANCE

Start of Year
25.2
Year ago
25.75
3 Years ago
55.37

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Announcements

  • Red Sea International Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

    4230
    RED SEA 4.42 %
    1445/11/11     19/05/2024 07:49:18
  • Red Sea International Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

    4230
    RED SEA 4.42 %
    1445/11/04     12/05/2024 08:05:40
  • Red Sea International Company announces the signing of a construction contract by its subsidiary The Fundamental Installation for Electric Work Co. Ltd. with Modern Building Leaders Co.

    4230
    RED SEA 4.42 %
    1445/10/29     08/05/2024 08:07:11
  • Red Sea International Company Announces to its Shareholders the Commencement Date of the Electronic Voting on the Agenda Items of its Ordinary General Assembly Meeting (reminder announcement)

    4230
    RED SEA 4.42 %
    1445/10/27     06/05/2024 08:06:06
  • The Board of Directors of Red Sea International Company invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) by Means of Modern Technology

    4230
    RED SEA 4.42 %
    1445/10/09     18/04/2024 15:48:13
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
      • Announcements & Corporate Actions
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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      15/02/2017 21/05/2017 31/05/2017 Account Transfer 0.75
      27/01/2016 20/04/2016 01/05/2016 Account Transfer 0.75
      20/01/2015 20/04/2015 03/05/2015 Account Transfer 1.00
      21/01/2014 24/04/2014 07/05/2014 Account Transfer 1.25
      20/01/2013 24/04/2013 08/05/2013 Account Transfer 1.50

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2022-12-31
      Total Assets
      778,744
      - - -
      Total Liabilities
      685,070
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      118,109
      - - -
      Total Liabilities and Shareholders Equity
      778,744
      - - -
      Statement of Income 2022-12-31
      Total Revenue (Sales/Operating)
      419,569
      - - -
      Net Profit (Loss) before Zakat and Tax
      -194,763
      - - -
      Zakat and Income Tax
      -3,006
      - - -
      Net Profit (Loss) after Zakat and Tax
      -197,769
      - - -
      Total Comprehensive Income
      -192,915
      - - -
      Profit (Loss) per Share
      -6.49
      - - -
      Cash Flow 2022-12-31
      Net Cash From Operating Activities
      12,894
      - - -
      Net Cash From Investing Activities
      -3,791
      - - -
      Net Cash From Financing Activities
      17,401
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      5,838
      - - -
      Cash and Cash Equivalents, End of the Period
      32,342
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 2023-12-31

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Balance Sheet 2023-09-30 2023-06-30 2023-03-31
      Total Assets
      898,710
      714,377
      713,165
      Total Liabilities
      859,785
      659,847
      639,015
      Total Shareholders Equity (After Deducting the Minority Equity)
      65,442
      80,402
      99,532
      Total Liabilities and Shareholders Equity
      898,710
      714,377
      713,165
      Statement of Income 2023-09-30 2023-06-30 2023-03-31
      Total Revenue (Sales/Operating)
      121,884
      107,137
      118,195
      Net Profit (Loss) before Zakat and Tax
      -14,105
      -18,120
      -18,023
      Zakat and Income Tax
      -1,500
      -1,500
      -1,501
      Net Profit (Loss) after Zakat and Tax
      -15,605
      -19,620
      -19,524
      Total Comprehensive Income
      -15,605
      -19,620
      -19,524
      Profit (Loss) per Share
      -0.49
      -0.63
      -0.61
      Cash Flow 2023-09-30 2023-06-30 2023-03-31
      Net Cash From Operating Activities
      -22,970
      8,169
      -32,046
      Net Cash From Investing Activities
      3,932
      1,653
      -148
      Net Cash From Financing Activities
      249,252
      -1,864
      8,015
      Cash and Cash Equivalents, Beginning of the Period
      32,342
      32,342
      32,342
      Cash and Cash Equivalents, End of the Period
      262,556
      40,300
      8,163
      All Figures in Thousands Thousands Thousands
      All Currency In SAR SAR SAR
      Last Update Date 2023-12-31 2023-12-31 2023-12-31

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
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      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-05-21 سامي احمد سالم بن محفوظ Board of Directors 0.0038896% 0.0038896% 0
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      Red Sea International Co.
      Price 31.90
      Market Cap (SAR MN) 943
      P/E Ratio 440.79
      Index Name Index Level 1D Return
      Red Sea International Co. %
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      Company Profile

      Company overview

      The core business of RSH and main source of revenue is derived through providing housing solutions in remote locations for local and international clients in Oil & Gas, and Mining industries, which include rental of properties and sale of housing units; and enable them to relocate their workforce to designated sites such as oil fields and gas plants. The company uses products manufactured in its facilities to reach the quality aspired by its customers. The company is also specialized in the production of Water Treatment Plants and Waste Treatment Plants, in addition to providing Power Plants to ensure that all elements are qualified to deliver the projects according to the specifications, free of defects and on the agreed time. The first manufacturing facility for the company is located in the city of Jubail in Saudi Arabia. In addition, the company has two other manufacturing facilities located in Jebel Ali, Dubai, and UAE; and in Accra, Ghana. The facilities have a total production capacity of 770,000 square meters per year. Red Sea Housing also generates revenue from Property Management, which falls into two main categories: Fixed Compound Accommodations such as the Desert Palms Compounds and Hotels located in Yanbu and Jubail, Saudi Arabia and Hassi Messaoud, Algeria. These are designed to be semi-permanent facilities. They are built, owned and operated by Red Sea Housing for the purpose of housing senior and junior staff in districts where quality accommodations are in short supply. In addition to supplying residential and office needs, our compounds include restaurants, recreation facilities, security services, entertainment and dependable communications facilities. Remote site accommodation solutions that are leased to customers for a specific period of time. It can be fully managed by the Company if requested by our clients. These are generally purpose-built facilities with all services provided by a team of professional workforce. The Company operates and maintains the facility over the course of the lease and upon expiration of the contract we remove all the buildings and infrastructure, salvaging whatever can be relocated. The buildings and equipment are refurbished and sold or held in inventory until a new lease is secured to start the cycle over again.

      Company History

      In 1976, the Company started its activities in the Kingdom of Saudi Arabia in Jeddah. It continued to expand its operations and the legal entity was changed to a Limited Liability Company in 2003. Eventually, it was transformed to a Common Stock Company in 02/09/1427H corresponding to 25/09/2006 through public offering of 30 percent (9 million shares) of its share capital of SAR 300 million. The shareholders have approved through the EGM that was convened on 26/05/1433H corresponding to 18/04/2012 to increase the share capital to SAR 400 million through rights issue, which resulted in the increase of the total number of issued shares from 30 million to 40 million shares.

      Company Bylaws

      Click here

      Equity Profile

      • Authorized Capital (SAR) 302,344,000
      • Issued Shares 30,234,400
      • Paid Capital (SAR) 302,344,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2022-07-25

      Investment limits

      There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on issued instructions by the related regulators and supervisory authorities

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
      • Date Established

        2006/09/25

      • Financial Year End

        31/12

      • Listing Date

        2006/11/04

      • External Auditors

        [[[Ernst & Young]]]

      • ISIN CODE

        SA000A0KEWM4

      • Number of Employees

        1153

      • Chairman

        H.E. Mr. Amr Abdullah Al Dabbagh
        Non - Executive

        H.E. Mr. Amr Abdullah Al Dabbagh
        • BD Session Start
          2021-05-10
          Designation
          Chairman
        • BD Session End
          2024-05-09
          Classification
          Non - Executive
        • Qualification
          Bachelor's Business Management
      • Board of Directors

        Mr. Sami Ahmed Binmahfouz Deputy Chairman - Non Executive

        Mr. Sami Ahmed Binmahfouz
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Deputy Chairman - Non Executive
        • Qualification
          Bachelor's Business Management

        Mr. Taher Mohammed Agueel Non - Executive

        Mr. Taher Mohammed Agueel
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Non - Executive
        • Qualification
          Master of Industrial Engineering
        Companies Membership
        • Memebrship Name
          Gulf General Cooperative Insurance Co.
          Start Date
          2019-02-17
        • Memebrship Character
          Non- Executive
          End Date
          2022-02-16

        Mr.Peter Walichnowski Independent

        Mr.Peter Walichnowski
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Independent
        • Qualification
          Bachelor's of Architecture

        Mr. Osama Zakaria Jamjoom Independent

        Mr. Osama Zakaria Jamjoom
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Independent
        • Qualification
          Master of Industrial Engineering

        Mr. Mujahid AbdulKareem AlGain Independent

        Mr. Mujahid AbdulKareem AlGain
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Independent
        • Qualification
          Bachelor's Industrial Management

        Mr. Mohammed Zaher AlMunajjed Independent

        Mr. Mohammed Zaher AlMunajjed
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Independent
        • Qualification
          Master of International Law
        Companies Membership
        • Memebrship Name
          .Gulf General Cooperative Insurance Co
          Start Date
          2019-02-17
        • Memebrship Character
          Non- Executive
          End Date
          2022-02-16

        Mr. Khalid Mohammed Fagih Executive

        Mr. Khalid Mohammed Fagih
        • BD Session Start
          2021-05-10
          Designation
          Board of Directors
        • BD Session End
          2024-05-09
          Classification
          Executive
        • Qualification
          Bachelor's Statistics Computer Science
      • Senior Executives

        Mr. Marwan Jean Sayegh CEO

        Mr. Marwan Jean Sayegh
        • BD Session Start
          2023-11-19
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO

        Mr. Ghassan Alashkar CFO

      Mr. Ghassan Alashkar
      • BD Session Start
        2024-02-01
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO

      Investor Relations

      Contact Name:

      Investor Management

      Company Address:

      P.O Box 9371 Riyadh 11413

      Contact Details:

      Telephone: 0133613451
      Fax : 0133614490
      Email : Compliance@redseahousing.com

      Company Website:

      www.rsh.com.sa


      Name Of Subsidiary Percentage Of Property Main Business Location Of Operation Country Of Operation
      RED SEA HOUSING SERVICES (GHANA) LIMITED 100.00% Manufacturing of Sitemaster 25, Steel Roughneck and Seaway Series buildings. This facility predominantly serves our customers located in North and West Africa. Accra, Ghana Accra, Ghana
      RED SEA HOUSING SERVICES COMPANY NIGERIA LIMITED 97.00% General contracting, construction, and general maintenance, construction of utilities and civil work and subcontracting. Nigeria Nigeria
      RED SEA HOUSING SERVICES COMPANY (LIBYA) 90.00% Manufacturing of prefabricated housing units, in addition to general contracting, construction, and general maintenance, construction of utilities and civil work and subcontracting Mesratah Libya
      SARL RED SEA HOUSING SERVICES ALGERIA LIMITED (ALGERIA) 98.00% Importing of the companys products for local sales and rentals and to support the parent company by way of executing the local installation of prefabricated buildings and general contracting works. It also manages and operates Desert Palm Hotel located in Hassi Masoud. Algiers, Algeria Algiers, Algeria
      RED SEA HOUSING SERVICES COMPANY DUBAI FZE 100.00% Manufacturing of prefabricated housing units, in addition to general contracting, construction, and general maintenance, construction of utilities and civil work and subcontracting. UAE, Dubai, Jebel Ali Free Zone UAE, Dubai, Jebel Ali Free Zone
      RED SEA BUILDING MATERIALS AND EQUIPMENTS TRADING COMPANY 100.00% Wholesale and retail trading of sanitary and electrical equipment, in addition to all types of paints and coating. It also specializes in buildings machineries and equipment. Jeddah, Saudi Arabia Jeddah
      RED SEA HOUSING SERVICES COMPANY (PAPUA NEW GUINEA) LTD 100.00% General contracting, construction, installation, construction of utilities and civil work and subcontracting. Port Moresby, Papua New Guinea Port Moresby, Papua New Guinea
      PREMIER PAINTS COMPANY 81.00% The production and distribution of architectural paints, and industrial and marine coating. Jeddah Jeddah
      RED SEA SPECIALIZED INVESTMENTS COMPANY 100.00% Investing in industrial, commercial, agricultural, services and real estate projects Jeddah Jeddah
      RED SEA HOUSING SERVICES (MOZAMBIQUE) LDA 100.00% The construction of industrial camps, import, sell, lease, install & maintain prefab buildings and related equipment. Maputo, Mozambique Maputo, Mozambique
      RED SEA HOUSING SERVICES LLC (OMAN) 100.00% The Subsidiary specializes in the construction of industrial camps, import, sell, lease, install & maintain prefab buildings and related equipment. Masqat, Oman Masqat, Oman
      RED SEA AFFORDABLE HOUSING COMPANY 100.00% The Subsidiary specializes in the investment and development of real estate, including the purchase, lease, development and sale of properties, and investments through the sale of such properties or lease to the company, and the construction of buildings, and the execution of Affordable Housing projects, and other relevant real estate development projects Jeddah Saudi Arabia
      RED SEA RESIDENTIAL CITY COMPANY 100.00% construct, manage and operate the integrated residential complexes and other real estate development projects, and general contracting for buildings, residential and commercial constructions. Jeddah Saudi Arabia
      The Red Sea Housing Company for Housing Projects 100.00% General contracting, investment and real estate development, including the purchase and lease of buildings and properties, and the construction of buildings and housing projects and other real estate development projects. Jeddah Saudi Arabia
      RED SEA HOUSING SERVICES COMPANY (Malaysia) 90.00% General contracting, construction, installation, construction of utilities and civil work and subcontracting. Malaysia, Kuala Lumpur Malaysia, Kuala Lumpur
      Red Sea Housing Services (Singapore) Limited 100.00% General contracting, construction, installation, construction of utilities and civil work and subcontracting. Singapore Singapore
      Red Sea Housing Company (Kuwait) 100.00% General contracting, construction, installation, construction of utilities and civil work and subcontracting. Kuwait Kuwait
      Red Sea Prefabricated Rental Company (Dubai) 49.00% Selling and renting prefabricated housing UAE, Dubai UAE,Dubai
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      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.