Red Sea International Co. announced on December 30, 2025, an update to its strategic plan for writing off accumulated losses. The company has scheduled an Extraordinary General Assembly meeting for January 4, 2026, where shareholders will vote on transferring the entire share premium balance of SAR 295,693,911 to accumulated losses. Due to this scheduling, the company now expects to complete its plan procedures in the first half of 2026, rather than by the end of 2025 as previously announced on November 2, 2025. The company affirmed this adjustment only affects the timeline for regulatory procedures, while remaining committed to implementing its financial position improvement plan.

Original announcement:

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