Red Sea International Company announced on February 10, 2026 the completion of its subsidiary's sale of an 81% stake in Premium Paints Company to Saudi Industrial Paints Company Limited for SAR 14,013,000, with the total transaction valued at SAR 17,300,000 including a minority shareholder's 19% stake. The share transfer was completed on February 9, 2026 following regulatory approvals, with the final consideration subject to adjustment based on closing accounts expected by the end of Q1 2026. This transaction supports the company's strategy to exit the paints business segment and enhance liquidity for more profitable investments, with financial impact to be reflected in the 2026 consolidated financial statements.

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