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الاقتصادية
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الاقتصادية

2026-11-05T15:39:24.765Z

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Installations IPO delayed

Installations IPO delayed

Red Sea International Company has postponed the IPO process for its subsidiary, Initial Electrical Works Company, after reassessing economic and market conditions and considering the interests of the company and its shareholders. It submitted a request to the Capital Market Authority to withdraw the offering file, after announcing on June 25, 2025, its intention to offer the subsidiary’s shares for subscription.

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