Fish focus raises stock 111 percent

The share of Saudi Fish Company increased by 111% during today's session after the nomination process for board membership began in June. Its price rose from 41.80 to 86.3 riyals before closing at 78.45 riyals. The stock experienced a sharp upward wave coinciding with increased trading volume and market movements, with a significant portion of trading concentrated after the announcement of the nomination process. This reflects the use of the stock as a governance tool to influence the outcomes of the general assembly. Additionally, shareholders rejected the board’s clearance for 2025 and did not approve the payment of any bonuses, highlighting the importance of the financial market in shaping shareholder positions ahead of a crucial vote.

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