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Red Sea International Seeks Regulatory Approval for Capital Raise via Rights Issue
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12:56 AM EDT, 08/07/2026 (MT Newswires) -- Red Sea International (SASE:4230) filed a request with Saudi Arabia's Capital Market Authority to increase its capital to 762.7 million Saudi riyals from 482.7 million riyals. The modular engineering company's capital increase will be executed through a rights issue worth 280 million riyals, according to a Thursday release.
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