Saudi Fisheries board proposes capital hike through SAR 334.9M rights issue

10/02/2025 Argaam
Logo ofSaudi Fisheries Co.

Logo of Saudi Fisheries Co.

Saudi Fisheries Co.’s board of directors recommended on Feb. 9 a capital increase through a rights issue at SAR 334.93 million, according to a statement to Tadawul.

 

The capital increase will enable the company to implement its strategic plans and support its future activities.

 

For More IPOs

 

Shareholders of record on the extraordinary general meeting (EGM) date and those registered with Edaa on the second trading day following the general meeting day are eligible to the capital hike.

 

The capital increase is subject to the approvals of the relevant regulatory authorities and company shareholders. The company will later announce the appointment of the financial advisor in addition to filing for the approval of the Capital Market Authority (CMA).

 

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