Saudi Fisheries appoints financial advisor on capital hike via rights issue

16/02/2025 Argaam
Logo ofSaudi Fisheries Co.

Logo of Saudi Fisheries Co.

Saudi Fisheries Co. appointed today, Feb. 16, a financial advisor to oversee its planned capital increase through a rights issue, according to a Tadawul filing.

 

Any updates related to the capital increase filing with the Capital Market Authority (CMA) and any future developments related to this transaction will be announced in due course, it noted.

 

For More IPOs

 

According to available data from Argaam, the company’s board of directors recommended on Feb. 9 increasing capital through a SAR 334.93 million rights issue.

 

The capital hike aims to support Saudi Fisheries’ strategic plans and future business activities.

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