Saudi Fisheries hires Falcom to finalize land transfer to PIF

31/08/2015 Argaam

Saudi Fisheries Co. (SFC) has hired Falcom Financial Services to finalize paperwork required to transfer ownership of some of its land to the Public Investment Fund (PIF), the company said in a statement to Tadawul on Monday.

 

The procedures will be implemented in compliance with the rules set by the Capital Market Authority (CMA), the country’s market regulator.

 

Last year, the two land plots were granted by the kingdom’s agriculture ministry as their value was included in the state’s share in the firm.

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