Red Sea International Co 2024 AR2
The report highlights Red Sea International Company's financial and operational performance for the fiscal year 2024. The company achieved record annual revenues of SAR 2,984 million, representing a 54% increase compared to 2023, and a net profit of SAR 4 million. Key milestones included the successful integration of its subsidiary, First Fix, which secured major contracts with Webuild S.p.A. and Modern Building Leaders Company. On the sustainability front, the company established a Sustainability and Safety Committee, achieved 30% female representation on its board of directors, and directed 85% of its procurement spending to local suppliers.
Company: Red Sea International Co
Sector: Construction
Country: Saudi Arabia
Year: 2024
Type: AR2
Pages: 83
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Red Sea International Co
Annual Report
The report highlights Red Sea International Company's financial and operational performance for the fiscal year 2024. The company achieved record annual revenues of SAR 2,984 million, representing a 54% increase compared to 2023, and a net profit of SAR 4 million. Key milestones included the successful integration of its subsidiary, First Fix, which secured major contracts with Webuild S.p.A. and Modern Building Leaders Company. On the sustainability front, the company established a Sustainability and Safety Committee, achieved 30% female representation on its board of directors, and directed 85% of its procurement spending to local suppliers.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees