Saudi Fisheries wipes off all accumulated losses

The measures taken to cut losses included reducing the company's capital by 83.25% from SAR 400 million to SAR 66.99 million, based on the shareholders’ approval on Jan. 26, 2025.

According to data available on Argaam, Saudi Fisheries shareholders approved in January the board’s recommendation to reduce the company's capital by 83.25%, from SAR 400 million to SAR 66.99 million, in order to offset accumulated losses.

To review the auditor’s report, which outlines the company’s financial position after the accumulated losses’ reduction, refer to the attached document:

Auditor’s Report