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Saudi Fisheries Co. Announces Contract Sign Off with National Aquaculture Group (NAQUA)‎

SFICO 6050 10.92% 25.40 2.50
Element List Explanation
Introduction The Saudi Fisheries Company announces ‎the signing of a term commercial ‎contract for Seafood products with the ‎National Aquaculture Group (NAQUA) ‎against mortgaging the feed factory ‎equipment under construction‏.‏
Date of Announcement of the Award 2023-10-26 Corresponding to 1445-04-11
Contract Subject Matter a term commercial
Date of Signing the Contract 2023-10-26 Corresponding to 1445-04-11
Contract Value SAR 100,000,000‎
Contract Details term commercial contract for Seafood ‎products against mortgaging the feed ‎factory equipment under construction‏.‏
Contract Duration Two years
Financial Impact and the Relevant Period The financial impact will be Quarter 4, ‎‎2023 and the Financial Year 2024‎
Related Parties Ahmed Rashid Alballaa
Additional Information This agreement is within the original ‎business practice and no additional ‎benefits were granted; this agreement ‎will be presented to the next general ‎meeting of the company's shareholders ‎for approval because of related parties.‎

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