Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Fisheries Co (Al Asmak) approved on Wednesday a capital decrease by 62.64%.

The company will reduce its capital from SAR 535.4 million to SAR 200 million, according to a bourse filing on Thursday.

Subsequently, the number of shares will be reduced from 53.5 million shares to 20 million shares, through the cancellation of 33.5 million shares.

The company noted that the capital decrease will have no impact on the company’s financial obligations.