Red Sea shareholders ratify contracts for leasing part of Rabigh land

Logo of Red Sea International Co.

Red Sea International Co.’s shareholders approved the contracts concluded between the company and former board member Saleh Mohammed Awad bin Laden during the ordinary general meeting (OGM) held on Aug. 16.   

 

The contract was related to leasing a part of the land plot in Rabigh governorate to build a residential complex for employees, the company said in a statement to Tadawul.   

 

Saleh bin Laden has direct interest in the deal, but his board membership ended on May 9, 2021.

 

Red Sea said that the annual rent stands at SAR 883,390, noting that no preferential terms were granted. 

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
11,502.54
405.89 3.66 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,000.0011,200.0011,400.0011,600.00
Close : 11502.54 | Apr 10, 15:20
More

Quotes

RED SEA
37.00
1.90 5.41%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,000.0011,200.0011,400.0011,600.00
Close : 11502.54 | Apr 10, 15:20
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website