Red Sea International Co. announces intention to issue Saudi Riyal-denominated sukuk to be offered via the website of Tarmeez Capital Financial Company, which is licensed by the Capital Market Authority to establish a platform for offering and investing in debt instruments.

Element List	Explanation
Introduction	Red Sea International Company announces its intention to offer Saudi Riyal-denominated Murabaha Sukuk under the (Murabaha Sukuk Program).

The company has appointed Tarmeez Capital Financial Company as the sole lead arranger for the purpose of establishing, issuing, and offering the sukuk. Offer Type Saudi Riyal-denominated sukuk to be offered via the website of Tarmeez Capital Financial Company, which is licensed by the Capital Market Authority to establish a platform for offering and investing in debt instruments. Date of the board’s decision 2026-03-29 Corresponding to 1447-10-10 Value of the offer SAR 100,000,000 The Purpose of the offer To reinforce the Company’s working capital and finalize the remaining expenditures related to restructuring initiatives aimed at optimizing cost efficiencies and rationalizing unprofitable operations outside the Kingdom. Approvals Non Additional Information The sukuk offering prospectus can be accessed through the website of Tarmeez Capital Financial Company and will be announced at a later time. (https://tarmeez.co/)

The company emphasizes the importance of reading the prospectus carefully and

thoroughly before making any investment decision related to the sukuk subscription.

This announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities. The company will announce any other material developments in due course in accordance with applicable laws and regulations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.