Saudi Fisheries Co (SFICO) News - Mubasher Info
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29 March 10:07 PM

Saudi Fisheries Co (6050)

Last update: 03:17 PM market time.
43.20
-0.82
-1.86%
Open 44.14
Previous Close 44.02
High 44.24
Low 43.00
Stock Statistics
Volume 88,030
Turnover 3,836,652.42
All data are 15 minutes late during market session

News

Photo Archive
24 February 11:45 AM Saudi Fisheries incurs SAR 18m accumulated losses in 2025
Riyadh - Mubasher: The accumulated losses of the Saudi Fisheries Company reached SAR 17.87 million as of 31 December 2025, representing 26.70% of its SAR 66.98 million capital. The company attributed the losses primarily to fixed and idle farm …
Financial Results
Photo Archive
24 August 2025 07:25 AM Saudi Fisheries to develop fully-owned subsidiary
Riyadh – Mubasher: The board members of Saudi Fisheries Company agreed to establish a limited liability firm headquartered in Al Qassim with a capital of SAR 100,000. This move comes in line with the company's strategy to restructure its …
Board of Directors
Photo Archive
27 January 2025 04:58 PM Saudi Fisheries’ shareholders approve 83% capital cut
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Fisheries Company approved, on 26 January 2025, the board’s proposal for 83.25% capital reduction, according to a bourse statement. Following the transaction, the new capital will …
Corporate Actions
Photo Archive
3 June 2024 03:10 PM Salama Cooperative obtains IA’s nod for capital hike
Riyadh – Mubasher: The Insurance Authority (IA) greenlighted, on 2 June, the request of Salama Cooperative Insurance Company to increase its capital by offering rights issues worth SAR 100 million. The company’s new capital will stand at SAR 300 …
Banking and Finance
Photo Archive
15 April 2024 10:27 AM Saudi Fisheries’ CEO Al Desouki resigns
Riyadh – Mubasher: Awad Farouk Al Desouki resigned from his position as the CEO of Saudi Fisheries Company on 14 April 2024. Al Desouki’s resignation became effective on 15 April, according to a bourse statement. The company’s board members …
Board of Directors
Photo Archive
2 January 2024 04:31 PM Saudi Fisheries mulls 53% capital reduction
Riyadh – Mubasher: The board of Saudi Fisheries Company recommended a 52.89% capital reduction to SAR 188.44 million from SAR 400 million. The number of shares will be 18.84 million following the cut, instead of 40 million shares, according to a …
Management Decisions
Photo Archive
6 October 2022 01:05 PM Saudi Fisheries’ Chairman resigns; Al Owais succeeds
Riyadh – Mubasher: Saudi Fisheries Company has announced the resignation of Omar bin ‎Hamad Al Madhi from his position as the board’s Chairman, which came into effect on 6 October 2022. Abdulrahman bin Saud Al Owais succeeded Al Madhi, who …
Corporate Actions
Photo Archive
30 June 2022 06:54 PM Saudi Fisheries announces resignation of CEO
Riyadh – Mubasher: The board of the Saudi Fisheries Company has approved on 29 June 2022 of the resignation of its CEO, Walid bin Hamad bin Sulaiman Al Buthi from his position due to personal reasons. The resignation of Al Buthi will be effective …
Board of Directors
Photo Archive
23 March 2022 01:02 PM Saudi Fisheries logs 16% lower losses in 2021
Riyadh – Mubasher: Saudi Fisheries Company has registered net losses after Zakat and tax worth SAR 34.18 million in 2021, an annual decline of 15.90% from SAR 40.65 million. Revenues went up by 16.21% to SAR 47.58 million last year, compared to …
Financial Results
The company generated revenues of SAR 33.783 million
3 November 2021 01:54 PM Saudi Fisheries reports 45% higher losses in 9M
Riyadh – Mubasher: Saudi Fisheries Company reported a 44.967% increase in net losses after zakat and tax to SAR 37.848 million during the first nine months of 2021, compared to SAR 26.108 million in the year-ago period. The company generated …
Financial Results
Photo Archive
19 October 2021 05:02 PM Saudi Fisheries pens deal with ARASCO
Riyadh – Mubasher: The Saudi Fisheries Company has signed a non-binding memorandum of understanding (MoU) with the Arabian ‎Agricultural Services Company (ARASCO) on 19 October. The renewable deal will be effective for six months from the date of …
Companies Investments
Sales increased 17.3% YoY to SAR 12.01 million in Q1-21
10 May 2021 00:08 PM Saudi Fisheries Q1 losses shrink 11.5%
Riyadh – Mubasher: Saudi Fisheries Company posted an annual decline of 11.5% in net loss after Zakat and tax to SAR 9.74 million during the first quarter (Q1) of 2021 from SAR 11.01 million in Q1-20. The company’s loss per share stood at SAR 0.24 …
Financial Results
The firm’s revenues jumped by 61.7% annually last year to SAR 40.9 million.
11 March 2021 10:13 AM Saudi Fisheries’ losses increase 37% in 2020
Riyadh – Mubasher: The net losses of Saudi Fisheries Company (Alasmak) widened by 36.9% on an annual basis in 2020 to stand at SAR 45.2 million. Alasmak attributed the hike in its annual losses to a rise in fishing fleet expenses by SAR 1.5 …
Financial Results
Photo Archive
11 November 2020 00:22 PM MSCI adds five Saudi stocks to Small Cap Index
Riyadh – Mubasher: MSCI Inc. has added Dr. Sulaiman Al Habib Medical Services Group to the MSCI Global Standard Index in its semi-annual review, bringing the total number of companies under the index to 34, according to a recent report. Five other …
Trading Activities
The company’s revenues reached SAR 9.637 million in Q3-20.
22 October 2020 11:05 AM Alasmak’s losses narrow to SAR 6.2m in Q3
Riyadh – Mubasher: The net losses of Saudi Fisheries Company (Alasmak) plunged by 39.1% annually in the third quarter (Q3) of 2020 to stand at SAR 6.2 million. The drop in losses was driven by a yearly growth of 56% in sales and an improvement in …
Financial Results
Revenues grew by 92.9% YoY in Q1
21 June 2020 01:09 PM Saudi Fisheries’ losses deepen 19% in Q1-20
Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) on Sunday reported a 19.1% year-on-year (YoY) rise in its net losses after Zakat and tax during the first quarter (Q1) of 2020. Net losses widened to SAR 11 million during the January -March …
Financial Results
The Saudi Capital Market Authority
30 January 2020 04:55 PM CMA approves Saudi Fisheries capital hike
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the request of Saudi Fisheries Company (Alasmak) to increase its capital through a rights issue, according to a bourse statement on Thursday. Alasmak plans to raise its capital to …
Management Decisions
Higher losses were attributed to the increase in general and administrative expenses
10 November 2019 05:36 PM Alasmak’s Q3 losses deepen to SAR 10m
Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) reported a 16% year-on-year rise in its losses during the third quarter of 2019. Alasmak incurred net losses after zakat and taxes of SAR 10.13 million during the three-month period ended 30 …
Financial Results
Alasmak’s board amended proposed hike to SAR 400m
6 November 2019 09:11 AM Alasmak submits capital hike request to Saudi CMA
Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) has submitted a request for the increase of its capital by offering right issues to the Capital Markets Authority (CMA), according to a bourse statement released on Wednesday. Last month, …
Markets Regulations
The decision was based on a study performed by a consultancy house
15 October 2019 10:44 AM Saudi Fisheries amends capital rise recommendation to SAR 400m
Riyadh – Mubasher: The board of directors of Saudi Fisheries Company (Alasmak) has amended its capital hike recommendation to SAR 400 million from SAR 101.1 million through a SAR 298.9 million rights issue. The decision was based on a study …
Board of Directors
Net losses hiked by 50.6% to SAR 10.1 million in Q2-19
21 August 2019 01:30 PM Saudi fisheries deepens losses in 3M
Riyadh – Mubasher: Saudi fisheries Company disclosed its interim financial results for the second quarter of 2019. Net losses after zakat and tax hiked by 50.6% to SAR 10.1 million in Q2-19, compared to SAR 6.7 million in Q2-18, according to the …
Company News
The decision will be effective starting from 1 July
26 May 2019 09:31 AM Saudi Fisheries names new CEO
Riyadh – Mubasher: The board of directors of Saudi Fisheries Company (Alasmak) appointed Waleed Bin Hamad Al Bathi as the company’s new CEO during a meeting held on 20 May. The decision will be effective starting from 1 July, according to a filing …
Board of Directors
Net losses after zakat and tax amounted to SAR 9.24 million in Q1-19
13 May 2019 10:16 AM Saudi Alasmak suffers SAR 9m losses in Q1
Riyadh – Mubasher: Saudi Fisheries (Alasmak) posted a 54.33% year-on-year jump in its losses for the first quarter of 2019. Net losses after zakat and tax amounted to SAR 9.24 million in Q1-19, compared to SAR 5.99 million in Q1-18, according to …
Financial Results
Alasmak’s board proposed cutting its capital by 41.75% in May 2018
23 April 2019 11:49 AM FALCOM to advise on Alasmak’s capital hike
Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) on Tuesday announced appointing FALCOM Financial Services (FALCOM) as a financial advisor to manage its rights issue for its capital raise, according to a statement to the Saudi Stock Exchange …
Corporate Actions
The Saudi company’s losses levelled up 9% to SAR 8.7 million in Q4-18
31 March 2019 01:42 PM Saudi Fisheries reports 8% loss drop in 2018
Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) on Sunday reported an 8.2% year-on-year net loss decline during the full-year 2018. Saudi Fisheries’s net losses retreated to SAR 37.25 million ($9.92 million) last year, compared to SAR 40.58 …
Financial Results