Red Sea Housing Services distributes 2006 dividends at the rate of SAR 1.5 per share

Red Sea Housing Services, a global leader in the manufacture of modular buildings in the Middle East, Africa and Asia, has begun the distribution of dividends for fiscal year 2006 at the rate of SAR 1.5 per share.




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Shareholders registered with the Saudi Stock Exchange (Tadawul) at the close of trading on May 5, 2007 will be eligible for the distribution. The company's first General Meeting, also held on May 5, 2007, approved the Board of Directors' recommendation of SAR 1.5 per dividend.

Dividends will be paid through direct transfer to shareholders' accounts registered with Tadawul; however, shareholders whose accounts are not correct can visit any Riyad Bank branch in the Kingdom and receive their dividend after providing proper ID and their stock certificates.




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About Red Sea Housing Services

Red Sea Housing Services, a public company listed on the Saudi Stock Exchange under Red Sea symbol 4230, was established in 1986 and is a world leader in the manufacture of modular buildings for the Middle East, Africa and Asia (www.rsh.com.sa). It has supplied hundreds of projects in 54 countries around the world. With three modern manufacturing facilities, all ISO certified and strategically located in Saudi Arabia, United Arab Emirates and Ghana, Red Sea Housing Services is capable of serving its diversified clients with quality products in a timely manner.

For further information please contact
Bren Kleinert
MS&L/Dubai
Tel: +971 4 367 6151
Fax: +971 4 367 2615
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Thursday, July 19 - 2007 at 09:34 UAE local time (GMT+4)

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