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Red Sea International Company plans to issue Saudi Riyal-denominated Murabaha Sukuk with a total value of SAR 100,000,000.
The offering proceeds will be used to reinforce working capital and finalize restructuring initiatives focused on cost efficiency and rationalizing international operations.
Tarmeez Capital Financial Company has been appointed as the sole lead arranger for the establishment and offering of the sukuk.
The company's board of directors approved the decision on March 29, 2026, with the offer to be conducted via Tarmeez Capital's investment platform.

Element List	Explanation
Introduction	Red Sea International Company announces its intention to offer Saudi Riyal-denominated Murabaha Sukuk under the (Murabaha Sukuk Program). The company has appointed Tarmeez Capital Financial Company as the sole lead arranger for the purpose of establishing, issuing, and offering the sukuk.
Offer Type	Saudi Riyal-denominated sukuk to be offered via the website of Tarmeez Capital Financial Company, which is licensed by the Capital Market Authority to establish a platform for offering and investing in debt instruments.
Date of the board’s decision	2026-03-29 Corresponding to 1447-10-10
Value of the offer	SAR 100,000,000
The Purpose of the offer	To reinforce the Company’s working capital and finalize the remaining expenditures related to restructuring initiatives aimed at optimizing cost efficiencies and rationalizing unprofitable operations outside the Kingdom.
Approvals	Non
Additional Information	The sukuk offering prospectus can be accessed through the website of Tarmeez Capital Financial Company and will be announced at a later time. (https://tarmeez.co/) The company emphasizes the importance of reading the prospectus carefully and thoroughly before making any investment decision related to the sukuk subscription. This announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities. The company will announce any other material developments in due course in accordance with applicable laws and regulations.

Red Sea International Co. announces intention to issue Saudi Riyal-denominated sukuk to be offered via the website of Tarmeez Capital Financial Company, which is licensed by the Capital Market Authority to establish a platform for offering and investing in debt instruments.