Red Sea Company approves 2025 financials
The Extraordinary General Assembly of the Red Sea International Company approved the adoption of the financial statements, the Board of Directors' reports, and the auditors' reports for 2025. It also decided to appoint PricewaterhouseCoopers as the auditor for the second and third quarters of 2026 and the first quarter of 2027, at a fee of 3.06 million riyals. The assembly approved the allocation of bonuses to the board members amounting to 2.01 million riyals for the financial year 2025, and amended the company's bylaws to support its future plans. Additionally, it authorized the Board of Directors with the necessary powers to approve related transactions. These decisions aim to enhance corporate governance, support sustainable growth, and improve efficiency.
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