Red Sea distances activities, financials from detained chairman

Red Sea International Co. said that its activities and financials are independent from those of the chairman of the board of directors, and that the company’s operations are continuing normally.

The Saudi-listed company’s chairman, Amr Al Dabbagh, is said to be among those recently detained in the anti-corruption campaign initiated by authorities.

Red Sea said it’s committed to all related rules and regulations in the Kingdom and will announce any updates regarding this matter in a timely manner.