On August 6, 2026, Red Sea International Company announced the submission of its application to the Capital Market Authority (CMA) to increase its capital through a rights issue. The proposed capital increase would raise the company's capital from SAR 482,673,830 to SAR 762,673,830 via the offering of 28,000,000 ordinary shares at a nominal value of SAR 10 per share, representing a total offering value of SAR 280,000,000. The Board of Directors had originally recommended this capital increase on March 16, 2026, and the formal application was submitted to the CMA on August 6, 2026. The company has indicated it will announce further developments in due course.

Original announcement:

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