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Al-Asmak General Assembly Approves Capital Rise
The Saudi Fish Company announced its invitation to shareholders to participate in the extraordinary general assembly meeting scheduled for September 2, 2026. The purpose of the meeting is to discuss a 500% capital increase through the issuance of 33.49 million rights shares, aimed at funding investment plans and diversifying income sources. The capital will be raised from 66.98 million SAR to 401.91 million SAR. Approximately 74.6% of the proceeds are planned to be invested in the date palm sector and related industries, in addition to settling debts and financing working capital. This decision comes after the capital reduction in January 2025 to offset accumulated losses. The meeting will also include the election of board members for the new term.
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