Red Sea Company Approves 2025 Accounts

The Extraordinary General Assembly of the Red Sea International Company approved the adoption of the financial statements, Board of Directors' reports, and auditors' reports for the fiscal year ending on December 31, 2025. It also appointed PricewaterhouseCoopers as the external auditor for the upcoming period, with fees amounting to up to 3.06 million riyals. Additionally, the assembly approved the distribution of bonuses totaling 2.01 million riyals to the board members for the same year, and consented to amendments related to the company's purposes. It also authorized the Board of Directors with specific powers to enhance governance and sustainable growth plans.

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