Saudi Arabia: Loss-making Red Sea International buys into profitable rival

Issue 1172 - 20 Jun 2023 | 1 minute read

Saudi Stock Exchange (Tadawul)-listed Red Sea International (RSI) has bought a 51% stake in Jeddah-based construction company First Fix for SR544.1m ($145m).

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Saudi Arabia: Loss-making Red Sea International buys into profitable rival

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Iran seeks ‘new path’ with Afghanistan, as Arab neighbours also re-engage with Taliban

Kuwaiti repression gathers pace as thousands more stripped of citizenship

Cracks emerge in Saudi diversification drive, with little to show after eight years

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Saudi Arabia: Loss-making Red Sea International buys into profitable rival

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Don't have an account?

Register for access to our free content

Iran seeks ‘new path’ with Afghanistan, as Arab neighbours also re-engage with Taliban

Kuwaiti repression gathers pace as thousands more stripped of citizenship

Cracks emerge in Saudi diversification drive, with little to show after eight years

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