Saudi Fisheries Co (6050)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: Saudi Fisheries Company (Alasmak) on Thursday announced that it has inked a medium-term Tawarruq loan agreement with Banque Saudi Fransi (BSF). The five-year credit facility amounted to SAR 130 million, according to the …

By: Thabet Shehata Riyadh – Mubasher: Food companies listed on the Saudi Stock Exchange (Tadawul) posted a 236% year-on-year jump in their profits during the fourth quarter of 2017. Eleven firms logged SAR 476.16 million in profits during Q4-17, …

Riyadh – Mubasher: Saudi Fisheries Company (Al Asmak) on Wednesday stated that its net losses dropped 19.22% in the third quarter of 2017, compared to the year-ago period. Net losses fell to SAR 8 million in Q3-17, from SAR 9.89 million in Q3-16, …

Riyadh - Mubasher: Saudi Fisheries Company (Al Asmak) posted a decrease in net losses for the second quarter of the year by 3.9% year-on-year, with losses increasing by 0.5% quarter-on-quarter, according to a bourse filing. The company said in a …