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Element List	Explanation
Introduction	Red Sea International Company announces that its subsidiary The Fundamental Installation for Electric Work Co. has signed a financial facilities agreement with The Saudi Investment Bank, for a period of Three Hundred Seven (307) days. The value of these financial facilities is (SAR 200,000,000) Two Hundreed Million Saudi Riyals. The purpose of these facilities is to issue Advance Payment Bonds, Performance Bonds, and LC facilities.
Date of obtaining the funding	2026-01-18 Corresponding to 1447-07-29
Financing entity	The Saudi Investment Bank
Financing amount.	(SAR 200,000,000) Two Hundred Million Saudi Arabian Riyals
Financing duration.	307 days
Guarantees offered for the financing	1-Promissory Note: SAR 200,000,000/- signed byThe Fundamental Installation for Electric Work Co. and the Guarantors Red Sea International Company, MSB Holding Company, Fares Esamat Al Saadi, Ziyad Jean Alsayegh. 2- Corporate Guarantee: for SAR 102,000,000/ Irrevocable Continuing Pro-Rata Guarantee - From: Red Sea International Company supported by partners/board Resolutions 3- Corporate Guarantee: for SAR 68,600,000/Irrevocable Continuing Pro-Rata Guarantee - From: MSB Holding Company One Person Company supported by partners/board Resolutions. 4 - Personal Guarantee: for SAR 19,600,000/Irrevocable Continuing Pro-Rata Guarantee - From: Fares Esamet Abd Alsamed AlSaadi. 5-Personal Guarantee: for SAR 9,800,000/Irrevocable Continuing Pro-Rata Guarantee - From: Zeyad Jean Alsayegh.
Financing objective	The purpose of these facilities is to issue the Advance Payment Bond, Performance Bond, and LC facilities.
Related Parties	Red Sea International Company & MSB Holding Company
Additional Information	The Fundamental Installation for Electric Work is a local market leader and one of the top standalone MEP contractors delivering world class projects via end to end solutions that provide integrated design, engineering and construction services in the field of mechanical, electrical, and plumbing (MEP) works.

Red Sea International Company announces that its subsidiary, The Fundamental Installation for Electric Work Co. has signed an agreement for Multi-Purpose Funding Facilities.