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Red Sea International Co.
Companies with accumulated losses reaching 50% or more of its capital'
- Main Market
- Real Estate Mgmt & Dev't
Stats Overview
-
Prev. Close 63.40
-
Open 63.50
-
High 64.80
-
Low 63.30
-
No. of Trades 1,958
-
Avg. Trade size* 142
-
Volume Traded 277,495
-
Value Traded (SAR) 17,770,688.80
Performance
- *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
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Announcements
Corporate Actions
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
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 | 2023-12-31 | 2022-12-31 | ||
|---|---|---|---|---|
| Total Assets |
2,481,938
|
778,744
|
- | - |
| Total Liabilities |
2,154,063
|
685,070
|
- | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
83,720
|
118,109
|
- | - |
| Total Liabilities and Shareholders Equity |
2,481,938
|
778,744
|
- | - |
| Statement of Income | 2023-12-31 | 2022-12-31 | ||
| Total Revenue (Sales/Operating) |
1,378,489
|
419,569
|
- | - |
| Net Profit (Loss) before Zakat and Tax |
18,923
|
-194,763
|
- | - |
| Zakat and Income Tax |
-3,336
|
-3,006
|
- | - |
| Net Profit (Loss) after Zakat and Tax |
2,140
|
-197,769
|
- | - |
| Total Comprehensive Income |
2,169
|
-192,915
|
- | - |
| Profit (Loss) per Share |
-1.16
|
-6.49
|
- | - |
| Cash Flows | 2023-12-31 | 2022-12-31 | ||
| Net Cash From Operating Activities |
20,382
|
12,894
|
- | - |
| Net Cash From Investing Activities |
-128,465
|
-3,791
|
- | - |
| Net Cash From Financing Activities |
233,797
|
17,401
|
- | - |
| Cash and Cash Equivalents, Beginning of the Period |
32,342
|
5,838
|
- | - |
| Cash and Cash Equivalents, End of the Period |
158,056
|
32,342
|
- | - |
| All Figures in | Thousands | Thousands | ||
| All Currency In | SAR | SAR | ||
| Last Update Date | 2024-09-11 | 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 Flows | 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.
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
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
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 company's bylaw and the issued instructions by the related regulators and supervisory authorities
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
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:
| 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 |
| The Fundamental Installation for Electric Work Company Ltd. (First Fix) | 51.00% | electromechanical and civil construction sector | Jeddah, Saudi Arabia | Jeddah, Saudi Arabia |
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.