Saudi Fisheries’ shareholders to vote on selling assets

Saudi Fisheries Co.’s (Alasmak) shareholders will vote on permitting board member Haytham Al Gosaibi to engage in competitive activities for one year, during the general assembly meeting that will be held on Wednesday, Feb. 28, the company said in a bourse statement.

Shareholders will also vote on the board’s recommendation to sell two land plots owned by the company in Riyadh and Qassim with total areas of 595 and 4,980 square meters (sqm), respectively.

Other items on the agenda include electing members of the audit committee and voting on updated charters for the nominations and remunerations committee and the audit committee.

In addition, the general assembly will vote on updated policies for board membership and the remuneration policy for board members and executives.