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.