Leaf extends contract with Red Sea Global until July 2027

Leaf’s contract with Red Sea Global now covers the planting of 1 million mangrove trees.

Leaf Global Environmental Services Co. announced an extension to the timeline of the contract signed with Red Sea Global, shifting the project delivery date from the end of Sept. 2026 to the end of July 2027.

In a statement on Tadawul, the company noted that the contract entails planting two million mangrove trees in the Red Sea region.

According to Argaam data, Leaf Global had signed a contract with Red Sea Global in April 2025 for services related to a program to plant two million mangrove trees in the Red Sea region; the contract's value exceeded 45% of the previous year's revenue.

Last December, the company announced a reduction in the project's scope to planting only one million mangrove trees, along with a change order that reduced the value of the signed contract with Red Sea Global by more than 40%.