Red Sea International Reduces Accumulated Losses
Red Sea International has reduced its accumulated losses to 41.024 million riyals, representing 8.5 percent of its capital. The company achieved this following an extraordinary general assembly meeting that approved the conversion of a balance and the issuance of shares. The company attributed previous growth in losses to declining revenues and increased expenses. Herfy announced that its losses decreased to 3.9 million riyals by the end of the first quarter of 2026. This represents a reduction from the 18 million riyals in losses reported during the same period in 2025. The company attributed the decrease in losses to specific operational factors during the current quarter. Red Sea stock led gains with a 10% increase.
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Sources · 7 independent
SBA Al-Ekhbariya
“أوضحت أن الخسائر المتراكمة خفضت إلى 41 مليون و24 ألف ريال ما يمثلون أحو ثمانية ونصف المئة من رأس المال”
SBA Al-Ekhbariya
“شركة هيرفي أعلنت عن انخفاض خسائر الشركة لتصل إلى 3900000 ريال بنهاية الربع الأول من العام الجاري مقارنة بخسائر قدرها 18 مليون ريال تم تحقيقها خلال نفس الفترة من العام 2025.”
SBA Al-Ekhbariya
“العام 2025. قالت الشركة إن سبب انخفاض الخسائر خلال الربع الحالي يعود”
SBA Al-Ekhbariya
“The company said the reason for the decrease in losses during the current quarter is due to the longest rally in April. Red Sea stock leads these increases by 10%.”
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