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Red Sea International subsidiary, The Fundamental Installation for Electric Work Co., signed a SAR 175,933,849 subcontract agreement with Modern Building Leaders (MBL).
The contract involves the engineering, supply, installation, and commissioning of mechanical, electrical, and plumbing (MEP) and related civil works for a project in Riyadh City.
The agreement has a duration of 30 months, with financial impact in terms of revenues and profits expected to begin in Q1 2026.
Related parties involved in the transaction include Red Sea International Company and MSB Holding Company.

Element List	Explanation
Introduction	Red Sea International announces that its subsidiary has signed a Subcontract Agreement with Modern Building Leaders (MBL) for the execution of mechanical, electrical, and plumbing (MEP) works and the related civil works in one of its projects in Riyadh City.
Date of Announcement of the Award	2026-02-16 Corresponding to 1447-08-28
Contract Subject Matter	Subcontract Agreement for the execution of mechanical, electrical, and plumbing (MEP) works and the related civil works including engineering, supply, installation, testing, commissioning, and handing-over.
The Entity with Which the Contract was Signed	Modern Building Leaders
Date of Signing the Contract	2026-02-16 Corresponding to 1447-08-28
Contract Value	(SAR 175,933,849) One Hundred Seventy-Five Million Nine Hundred Thirty-Three Thousand Eight Hundred Forty-Nine Saudi Riyals excluding the Value Added Tax (VAT)
Contract Details	The scope of works assigned to The Fundamental Installation for Electric Work Co. includes engineering, supply, installation, testing, commissioning, and handover of all mechanical, electrical, and plumbing (MEP) works and related civil works
Contract Duration	Thirty (30) months
Financial Impact and the Relevant Period	Revenues and profits will be realized starting from Q1 2026
Related Parties	Red Sea International Company & MSB Holding Company
Additional Information	The Fundamental Installation for Electric Work Co. 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.