Saudi Fisheries' Chairman to retain 25% stake for one year

15/09/2024 Argaam
Logo ofSaudi Fisheries Co.

Logo of Saudi Fisheries Co.

Saudi Fisheries Co. received a letter today, Sept. 15, from major shareholder and Chairman Abdulaziz Al-Humaid, entailing the retention of his 25% stake in the company and not to pertain to its disposal, whether by sale or transfer in any way, for a period of one year from this date, according to a statement to Tadawul.

 

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The company also noted that there will be no financial impact in this respect.

 

Earlier this month, Saudi Agricultural and Livestock Investment Co. (SALIC) completed the sale of its entire 40% stake (16 million shares) in Saudi Fisheries to Al-Humaid, according to data available to Argaam.

 

Saudi Fisheries' board of directors appointed, on Sept. 4, Al-Humaid as Chairman.

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