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Red Sea International Co.

Companies with accumulated losses of 20% to less than 35% of its capital'

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

Stats Overview

  • Prev. Close 27.40
  • Open 27.10
  • High 27.55
  • Low 26.80
  • No. of Trades 509
  • Avg. Trade size* 218
  • Volume Traded 110,986
  • Value Traded (SAR) 3,009,262.85

Performance

RED SEA
-0.60 ( -2.19% )
Compare
Index Name Index Level 1D Return
Red Sea International Co. 27.10 -2.19%
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
26.80
% Change
-2.19
Volume Traded
1,137

Best Bid

Price 26.80
Volume Traded 1,401

Best Offer

Price 26.95
Volume Traded 355

52 WEEK

High
45.92
2022/02/07
Low
22.24
2022/12/20
Change**
-40.14

PERFORMANCE

Start of Year
23
Year ago
44.77
3 Years ago
28.26

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  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
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Announcements

  • Correction announcement from Red Sea International Co. in regards to the Contract Sign Off with The Royal Commission of Al Ula.

    4230
    RED SEA -2.19 %
    1444/05/24     18/12/2022 08:06:35
  • Red Sea International Co. Announces Contract Sign Off with The Royal Commission of Al Ula.

    4230
    RED SEA -2.19 %
    1444/05/20     14/12/2022 15:22:03
  • Red Sea International Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

    4230
    RED SEA -2.19 %
    1444/04/15     09/11/2022 08:18:38
  • Red Sea International Co. Announces the Decrease of its Accumulated Losses to 20 % of the Capital

    4230
    RED SEA -2.19 %
    1444/02/25     21/09/2022 08:42:42
  • Red Sea International Co. Announces the Deposit of Sums Resulting from Selling Fractional Stocks Following Decrease of the Company’s Capital in the Accounts of Eligible Shareholders

    4230
    RED SEA -2.19 %
    1444/02/18     14/09/2022 08:20:13
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Corporate Actions

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Current Assets
335,660
366,849
433,662
384,813
Inventory
141,367
123,117
91,625
122,351
Investments
305,441
366,413
390,424
399,322
Fixed Assets
79,863
90,980
136,007
159,121
Other Assets
89,642
93,734
131,935
96,503
Total Assets
951,973
1,041,093
1,183,653
1,162,110
Current Liabilities
395,064
482,078
415,849
324,186
Non-Current Liabilities
91,764
80,117
95,984
85,418
Other Liabilities
178,556
58,072
51,813
54,682
Shareholders Equity
309,387
441,696
630,763
711,282
Total Liabilities and Shareholder Equity
951,973
1,041,093
1,183,653
1,162,110
Minority Interests
-22,798
-20,870
-10,756
-13,458
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-03-30 2021-03-31 2020-03-19 2019-03-31
Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-09-30
Current Assets
333,159
297,618
320,394
350,959
Inventory
99,041
109,885
93,481
146,999
Investments
281,789
293,636
305,888
326,149
Fixed Assets
69,746
72,204
77,259
82,623
Other Assets
73,616
76,178
78,949
84,465
Total Assets
857,351
849,521
875,971
991,195
Current Liabilities
606,815
543,606
522,004
569,205
Non-Current Liabilities
32,088
31,852
31,604
38,348
Other Liabilities
55,644
54,815
54,906
57,030
Shareholders Equity
186,844
242,854
290,565
348,732
Total Liabilities and Shareholder Equity
857,351
849,521
875,971
991,195
Minority Interests
-24,040
-23,606
-23,108
-22,120
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-11-09 2022-08-08 2022-05-22 2021-11-03
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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
2023-02-05 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 26.80
Market Cap (SAR MN) 810
P/E Ratio -5.02
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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

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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. Khalid Mohammed Fagih CEO

    Mr. Khalid Mohammed Fagih
    • BD Session Start
      2021-05-01
      Designation
      Senior Executives
    • BD Session End
      -
      Classification
      CEO

    Mr. Mahmood Ahmed Siddiqui CFO

Mr. Mahmood Ahmed Siddiqui
  • BD Session Start
    2022-09-01
    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 Ob 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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