Fish seek ways to ensure company continuity
Saudi Fish Company is discussing its strategy for the upcoming phase to address financial challenges. This includes studying the possibility of increasing capital in exchange for land granted by the state, selling unused assets, transforming the business into an investment company in the food sector, as well as selling a 51% stake in Al-Hareedah Aquaculture Company. These steps aim to reduce liabilities and improve the financial structure, with expectations of increased liquidity and support for sustainable returns, while also facing risks such as possible non-approval from relevant authorities or challenges in selling assets.
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