SALIC sells Saudi Fisheries stake to Abdulaziz Al-Humaid

03/09/2024 Argaam
Logo ofSaudi Fisheries Co. (Alasmak)

Logo of Saudi Fisheries Co. (Alasmak)

Saudi Agricultural and Livestock Investment Co. (SALIC) completed the sale of its entire stake in Saudi Fisheries Co. to Abdulaziz bin Abdullah Al-Humaid, the Tadawul-listed company announced today, Sept. 3.

 

SALIC owned 16 million shares, representing 40% of total shares, in Saudi Fisheries.

 

For More Mergers and Acquisitions

 

Saudi Fisheries said it received a letter in this regard from SALIC on Sept. 2.

 

Tadawul registered a negotiated deal, on Sept. 2, on 16 million shares of Saudi Fisheries. Worth SAR 122.4 million at SAR 7.65 per share, the deal represented 40% of Saudi Fisheries’ entire 40 million shares capital, Argaam earlier reported.

 

The company recently received a letter from SALIC for accepting the binding offer to sell its entire stake in Saudi Fisheries to Abdulaziz Al-Humaid.

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