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Red Sea International Company Announces the Submission of Its Application to the Capital Market Authority to Increase the Company's Capital through a Rights Issue
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company’s announcement dated 27-09-1447H corresponding to 16-03-2026G regarding the Board of Directors’ recommendation to increase the company’s capital from 482,673,830 Saudi Riyals to 762,673,830 Saudi Riyals through a rights issue offering of 28,000,000 ordinary shares, with a nominal value of 10 Saudi Riyals per share and a total offering value of 280,000,000 Saudi Riyals. The company announces that it submitted its capital increase request to the Capital Market Authority (CMA) on 23-02-1448H corresponding to 06-08-2026G. |
| Date of Submitting the Application File to CMA | 2026-08-06 Corresponding to 1448-02-23 |
| Application Subject | Increasing the capital of Red Sea International Company through a rights issue worth SAR 280,000,000 |
| Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website | 2026-03-16 Corresponding to 1447-09-27 |
| Additional Information | The company will announce any future developments in this regard in due course. |
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.
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Company Performance
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Last Price 23.16
Net Change -0.22 (-0.94%)
Value Traded (Sar) 5,952,435.43
Volume Traded 255,331
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