Saudi Fisheries Co (6050)

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News

30 June 08:45 AM Saudi Fisheries rejects proposed annual board remuneration at OGM

Riyadh – Mubasher: Saudi Fisheries Company has announced the results of its Ordinary General Meeting (OGM), which was held on 28 June 2026. During the session, shareholders took the notable step of voting against the discharge of liability for …

Company News

29 June 09:48 AM Saudi Fisheries renews lease for Al Haridah farm site in Asir region

Riyadh – Mubasher: Saudi Fisheries Company (SFICO) has officially announced the completion of the lease renewal process for its Al Haridah farm site in the Asir region. Following previous regulatory approvals and the settlement of outstanding …

Company News

28 June 08:37 AM Saudi Fisheries pushes Al Haridah’s stake sale to end-August

Riyadh – Mubasher: Saudi Fisheries Company (SFICO) has announced a further extension to the timeline for finalizing the divestment of a 51% majority stake in Al Haridah Aquaculture Company. In a regulatory filing on the Saudi Exchange (Tadawul), …

Company News

25 June 01:32 PM Saudi Fisheries issues correction to Q1-26 financials

Riyadh – Mubasher: Saudi Fisheries Company (SFICO) has issued a formal corrective announcement regarding its interim financial results for the first quarter (Q1) of 2026, which addresses a specific discrepancy in the reported total shareholders’ …

Corporate Actions

21 June 06:30 PM Saudi Fisheries opens nomination for upcoming board term

Riyadh – Mubasher: Saudi Fisheries Company has officially announced the commencement of the nomination period for its Board of Directors for the new three-year term that is scheduled to begin in October 2026, according to a bourse filing. The …

Board of Directors

17 May 01:58 PM Saudi Fisheries secures Omani ruling in against Ocean Fish

Riyadh – Mubasher: Saudi Fisheries Company has obtained a final judicial ruling from the Oman’s Primary Court in Muscat on 10 May 2026 in its favor regarding a commercial dispute with Ocean Fish Company, according to a bourse disclosure. The court …

Law

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

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 …

Companies Investments

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 …

Management Decisions

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 …

Management Decisions

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

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 …

Corporate Actions

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 …

Board of Directors

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 …

Corporate Actions

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

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

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

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

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

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

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

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

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 …

Markets Regulations

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

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