| Introduction | The Board of Directors of Red Sea International Company approved, on 20-05-2026G corresponding to 03-12-1447H, the issuance of Saudi Riyal-denominated sukuk with a value of SAR 300,000,000 under a sukuk issuance program, and the offering thereof in accordance with the Rules on the Offer of Securities and Continuing Obligations issued by the Capital Market Authority, and the terms and conditions to be set out in the Offering Document. The Company has also appointed Sukuk Capital as the Sole Arranger for the purposes of arranging and offering the sukuk. This step comes as part of the Company’s efforts to enhance the efficiency of its financing structure, support its operational needs and future plans, diversify its funding sources, and create sustainable value for its shareholders. |
| Offer Type | Saudi Riyal-denominated sukuk to be issued by Red Sea International Company under a sukuk issuance program, arranged and offered by Sukuk Capital in its capacity as Sole Arranger. |
| Date of the board’s decision | 2026-05-20 Corresponding to 1447-12-03 |
| Value of the offer | SAR 300,000,000. |
| The Purpose of the offer | To support the Company’s operational requirements and future projects, while enhancing the efficiency of its financing structure. |
| Approvals | The required approvals will be obtained in accordance with the applicable laws and regulations. |
| Additional Information | This announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities. The Company will announce any other material developments in due course in accordance with the applicable laws and regulations. |
