AI Summary
Red Sea International Co. implements today a 59.64% capital increase through the conversion of debts owed to several parties
The Securities Depository Center Co. (Edaa) announced implementing a securities quantity increase for Red Sea International Co. on the center’s accounts of eligible shareholders.
The move is effective as of today, Nov. 16, 2025, the company said in a statement to Tadawul.
According to data available with Argaam, Red Sea shareholders approved in their recent extraordinary general meeting (EGM) a 59.64% capital increase through the conversion of debts owed to several parties by issuing 18.03 million new shares in their favor.
The company noted that the conversion coefficient is SAR 26.4 per share, representing an issuance premium of SAR 16.4 above the nominal value.
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Details of Capital Hike |
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Current Capital |
SAR 302.34 mln |
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No. of Shares |
30.23 mln |
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Capital Post Increase |
SAR 482.67 mln |
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No. of Shares Post Increase |
48.27 mln |
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New Shares Issued |
18.03 mln |
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Percentage of Increase |
59.64% |
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Record Date |
Nov. 16, 2025 |
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