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    4230   SA000A0KEWM4

RED SEA INTERNATIONAL COMPANY

(4230)
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End-of-day quote Saudi Arabian Stock Exchange  -  2022-08-17
34.60 SAR   -2.12%
08/08Red Sea International Company Reports Earnings Results for the Second Quarter Ended June 30, 2022
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05/22Red Sea International Company Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/27Red Sea International Co. Announces the Signing of a Contract with Samsung C&T
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Red Sea International Co. Announces the Signing of a Contract with Samsung C&T

04/27/2022 | 12:10am EDT

Red Sea International Company (RSI) announced the signing of a contract with Samsung C&T to provide accommodation complexes to support ADNOC’s initiative for the decarbonization of onshore and offshore production operations in the UAE. Contract Value: USD 14,246,112 (equivalent to SAR 53.42 million), Red Sea International Company (RSI) was awarded a contract to design, supply and construct a total of three accommodation complexes for SAMSUNG C&T to support ADNOC’s decarbonization of onshore and offshore production operations in the UAE. The high-quality complexes will be located in two onshore locations (Al-Mirfa and Shuweihat) and another offshore location (Das Island) in Abu Dhabi; and will accommodate up to 800 professionals including Seniors and Juniors. The scope of work also includes the provision of turn-key modular solutions for the support facilities such as catering facilities and emergency aid buildings, gymnasiums and recreational areas. Contract Details: Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening ADNOC and TAQA’s position in driving and leading sustainability efforts and supporting the United Arab Emirates ‘Net-Zero by 2050 Strategic Initiative’. To ensure swift delivery of the project with the set timeframe, RSI will coordinate and execute the complete engineering deliverables between its regional offices then implement the manufacturing process from its Dubai facility before mobilizing the installation team to complete the project. Contract Duration: Eight Months.


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Financials
Sales 2021 468 M 125 M 125 M
Net income 2021 -130 M -34,7 M -34,7 M
Net Debt 2021 183 M 48,8 M 48,8 M
P/E ratio 2021 -9,71x
Yield 2021 -
Capitalization 1 046 M 279 M 279 M
EV / Sales 2020 2,81x
EV / Sales 2021 3,10x
Nbr of Employees -
Free-Float 30,0%
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Managers and Directors
Khalid Mohammed Fagih Chief Executive Officer & Director
Nauman Khalid Chief Financial Officer
Amr bin Abdullah Al-Dabbagh Chairman
Sami Ahmed bin Mahfouz Independent Director
Brian Scott Lash Independent Director