Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Emirates NBD issues Dh1 billion first-ever digital bond in MENA
- e& and IBM unveil enterprise-grade agentic AI to transform governance
- Zain Kuwait reinforces its 5G-A roadmap with region's first ultra-high network milestone
- India, UAE set $200 billion bilateral trade target by 2032
- MSX signs agreements for connectivity with international markets
- GFH Partners consortium completes key investment in US cold storage owner
- Foreign funds' buying lifts QSE 80 points; M-cap adds QR5.16bn
- Qatar witnesses 66.19mn payment system transactions valued at QR20.09bn in Dec. 2025: QCB
- Vodafone Qatar partners with Starlink as Qatar's 1st B2B reseller of satellite connectivity services
- Qatar stock market closes higher
06/01/2026 03:06 AST
Red Sea International Company, a leading provider of specialised prefabricated modular buildings for various real estate and industrial sectors, has announced that its key subsidiary, Fundamental Installation for Electric Work Company, has secured a SAR220 million ($58.6 million) contract from Al Arab Hospital Company for the construction of a premium healthcare facility in Jeddah.
The 19-storey hospital, comprising two basement levels, will be located on the Corniche Road in the South Obhur district of Jeddah.
The key contract covers the supply, installation, testing and commissioning of mechanical, electrical and plumbing (MEP) works, as well as screed works, internal partitions and other civil works, said Red Sea International Company in its filing to the Saudi bourse Tadawul.
The entire work on the hospital project will be completed by Fundamental Installation for Electric Work within 420 calendar days, it stated.
One of the top standalone MEP contractors, Fundamental has delivered several major projects in the kingdom. It specialises in providing integrated design, engineering and construction services to these projects.
On the financial impact, Red Sea International said it expects the project to contribute to revenues and profits starting from the first quarter of 2026.
Trade Arabia
12/11/2025
Britain's FTSE 100 closed at a record high for the second straight session on Tuesday, as weak UK labour market data boosted hopes for Bank of England rate cuts and drugmaker AstraZeneca hit an all-t
Reuters
15/08/2025
Red Sea International Company announced its consolidated financial results for the first six months of 2025, reporting a net profit of SR1.87 million, a 168% improvement compared to the first half of
Saudi Gazette
12/04/2015
Red Sea Housing Services Company (RSHS) has announced the appointment of Prabhakar Kesavan as its new Chief Financial Officer (CFO). In his new role, Kesavan will oversee the finance, accounting, tax
Saudi Gazette
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 18.42 | 0.14 (0.76 |
| JABALOMAR | 15.27 | 0.11 (0.72 |
| DARALARKAN | 15.90 | 0.01 (0.06 |
| MCDC | 84.95 | 1.95 (2.34 |
| CENOMICENTERS | 19.90 | 0.15 (0.75 |
20/01/2026
Emirates NBD has issued Dh1 billion in 3-year fixed-rate Digitally Native Notes (DNNs). This marks the first AED-denominated digital bond and the largest public digital bond in MENA, listed on Nasdaq
Gulfnews
20/01/2026
Global technology group e& and IBM today announced a strategic collaboration to advance towards an enterprise-grade agentic AI foundation at e&, starting with policy, risk, and compliance.
Trade Arabia
20/01/2026
In a regional first, Zain Kuwait announced the successful completion of an ultra-high throughput test reaching 31 Gbps using advanced multi-carrier spectrum aggregation across sub-6 GHz (using n77, n
Kuwait Times
20/01/2026
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has announced that it has successfully c
Trade Arabia
20/01/2026
Vodafone Qatar has become the first reseller of Starlink Satellite's B2B services in Qatar, following a newly formed partnership that expands its advanced satellite connectivity portfolio.
D
Gulf Times
Financial Information Co.
Saudi Arabia