Red Sea Housing Services (RSHS), a major Saudi housing company that provides solutions in housing services, is offering its shares for public offering next week. The company is one of the companies of Al-Dabbagh Group. Nine million of its total 30 million shares will be offered for public offering on Aug. 12.
As per the law, the minimum amount of shares allowed to be bought is 10 and the maximum is 25,000. It shares will be sold at SR58 per share in the initial public offering.
Majed Al-Kasabi, chairman of RSHS, said that the company targets its clients were mainly in four main areas: oil and gas platforms as well as oil refinery and petrochemical plants, the mining sector, the construction sector, and multi purpose companies.
“These housing services are either built on a temporary basis or permanent basis,” he said, according to Arab News. The services include the construction of a housing units, offices, electrical power generators, as well as water treatment plants.
