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Al-Asmak reviews capital boost plan with shareholders
The Saudi Fisheries Company has announced that it will hold a phone meeting with its shareholders to discuss the Board of Directors' recommendation to increase the company's capital through an offering of rights shares. The purpose of this step is to enhance transparency and enable shareholders to understand the reasons, objectives, and expected financial and operational impacts of the increase. The meeting is scheduled for Wednesday, August 26, 2026, at 4:30 PM, and will be conducted via modern communication technologies. It will include a discussion of the recommendation and an opportunity for shareholders to ask questions. An online registration link will be provided for remote attendance. Shareholders are encouraged to participate before the proposal is submitted to the Extraordinary General Assembly, as the issuance of rights shares will give each shareholder the opportunity to subscribe proportionally according to their ownership stake, in accordance with regulatory requirements.
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