| Introduction | Red Sea International announces that its subsidiary has signed a Subcontract Agreement with ABCC-UCC Joint Venture (Al Bawani Co. Ltd. and Urbacon Saudi W.L..L) for the execution of mechanical, electrical, and plumbing (MEP) works at one of its projects in Riyadh |
| Date of Announcement of the Award | 2026-02-18 Corresponding to 1447-09-01 |
| Contract Subject Matter | Subcontract Agreement for the execution of mechanical, electrical, and plumbing (MEP) works including engineering, supply, installation, testing, commissioning, and handing-over at at one of the projects in Riyadh |
| The Entity with Which the Contract was Signed | Joint Venture Al Bawani Co. Ltd. and Urbacon Saudi W.L..L |
| Date of Signing the Contract | 2026-02-18 Corresponding to 1447-09-01 |
| Contract Value | The Contract Value is equivalent to 6.76% of the total Revenue of the previous fiscal year |
| Contract Details | The scope of works assigned to The Fundamental Installation for Electric Work Co. includes engineering, supply, installation, testing, commissioning, and handover of all mechanical, electrical, and plumbing (MEP) works at one of the projects in Riyadh |
| Contract Duration | Twelve (12) months |
| Financial Impact and the Relevant Period | Starting from the Q1 2026 |
| Related Parties | N/A |
| Additional Information | The Fundamental Installation for Electric Work Co. is a local market leader and one of the top standalone MEP contractors delivering world class projects via end to end solutions that provide integrated design, engineering and construction services in the field of mechanical, electrical, and plumbing (MEP) works. |
