9 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
9 Hrsالاقتصادية
Source: الاقتصادية
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The Saudi Fisheries Company’s accumulated losses reached SAR 24.8 million as of September 30, 2026, equivalent to 37.03% of its share capital of SAR 67 million. The company attributed the losses to suspended operations and the absence of revenue, alongside ongoing expenses, losses from discontinued operations, and impairment of assets. It plans to complete the sale of its stake in an aquaculture company, sell its headquarters in Riyadh, and rationalize expenses. The General Assembly rejected a recommendation to increase the company’s capital, while the outstanding SAR 24.86 million balance of the stake’s sale value was scheduled to be paid in four installments from November 2027 to May 2029.
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