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Red Sea International Delays Fundamental Installation Unit IPO

MT Newswires·11/06/2026 00:45:15
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12:45 AM EST, 11/06/2026 (MT Newswires) -- Red Sea International Co. (SASE:4230) postponed the planned initial public offering of its subsidiary, Fundamental Installation for Electric Work Co. The Saudi-listed homebuilder's decision follows a reevaluation of current economic and market conditions and consideration of shareholder interests, according to a Thursday release.