Red Sea hits highest price in 18 months
Shares of Red Sea International Co. (RSI) hit today, April 1, their highest level since October 2022 at SAR 33 apiece.
The stock closed 3% lower at SAR 29.25, with about 2.1 million shares traded.
| Year High (SAR) | Year Low (SAR) |
| 33.00 | 19.90 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 138.92 | 18.83 |
Market Data :
| Open | 21.61 |
| Low | 21.01 |
| High | 21.61 |
| Previous Close | 21.61 |
| Change (3M) | (38.61 %) |
| Change (6M) | (51.94 %) |
| Market Value | 1,017.05 |
| Avg. Volume (3M) | 468,711.88 |
| Avg. Turnover (3M) | 12,709,966.33 |
| Avg. Transaction (3M) | 2,151.57 |
| Change(12M) | (51.00 %) |
| YTD | (36.50 %) |
The company made several capital adjustments since its listing on Tadawul in December 2006.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Right Issue | - | - |
| 2025 | Private Offering | 482.67 | 59.64% |
| 2022 | Right Issue Cancelled | 452.34 | 49.61% |
| 2022 | Reduction | 302.34 | (49.61%) |
| 2014 | Split | 600.00 | 50.00% |
| 2012 | Split | 400.00 | 33.33% |
| 2006 | IPO | 300.00 | 0.00% |
Financial Performance :
Overview :
The company was established in early 1986 as a general partnership under the name "Red Sea Housing Services Co." with capital of SAR 550,000. It converted into a limited liability company in 1991, transitioned to a closed joint-stock company in 2006, and became a public joint-stock company later that same year. In 2017, the organization rebranded to operate under the name “Red Sea International Co.”
The company's activities include the manufacturing, sale, and leasin...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 1,017.05 |
| Shares Outstanding ((M)) | 48.27 |
| EPS ( ) (TTM) | (0.89 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | (0.22 ) |
| Recurring P/E | Neg |
| Price/book | (154.38) |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | (0.99 ) |
| Return on Average Equity (%) (TTM) | (633.27 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 1,902.94 |
| EV/adj EBITDA | 7.03 |
| EV/Revenues | 0.57 |
Calendar :
-
09 May
General Assembly
- -
25 June
General Assembly
- -
09 January
General Assembly
- -
25 June
General Assembly
- -
31 August
General Assembly
- -
12 November
General Assembly
-
Call Request
Comments Analysis: