21 Hrs
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خسائر الأسماك 37.03%
The Saudi Fisheries Company announced that its accumulated losses had reached SAR 24.8 million, equivalent to 37.03% of its capital of SAR 66.99 million, according to its financial statements for the period ended September 30, 2026. The company attributed the losses to the suspension of commercial operations during restructuring, the absence of revenue while expenses continued, losses from discontinued operations, and impairment of assets. Measures to address the losses include completing the sale of its 51% stake in Al-Huraidah National Aquaculture Company, putting its headquarters in the Al-Malaz district up for sale, streamlining expenses, and studying options to strengthen its financial position.
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