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FINANCIAL NEWS
Saudi Red Sea Housing wins USD19.7m contract
04 Nov 2012
(MENAFN) Saudi developer Red Sea Housing Services Company has won a USD19.7 million contract from GS Engineering to build workers’ housing camps for employees in Rabigh, the Construction Week reported.
GS Engineering & Construction recently won a USD1.8 billion deal to build four petrochemical plants and other facilities for Petro Rabigh, a joint venture between Saudi Aramco and Japan’s Sumitomo Chemical Co.
Red Sea Housing, which is a specialist in building workers’ camps and complexes in the region.
Recently, the company unveiled a USD500 million plan to expand its business into the building materials and affordable housing sectors.
Last month, the company announced a 32 percent increase in profits for the first nine months of 2012 to USD23.2 million.
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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