SALIC Sells Entire Stake in Saudi Fisheries for SAR 122.3 Million

 Saudi Fisheries Company announced on Sunday that it received a letter from The Saudi Agricultural and Livestock Investment Company (SALIC) dated August 5, 2024, indicating its acceptance of a binding offer to sell its entire stake in Saudi Fisheries. The transaction involves 15,997,003 shares, representing 39.99% of the company’s total shares, to Mr. Abdulaziz bin Abdullah Al-Humaid.

The total value of the transaction is SAR 122.38 million, and the sale will be finalized upon receiving the necessary regulatory approvals.

Upon completion, there will be a change in the major shareholders of the company. Saudi Fisheries will issue further announcements regarding any significant developments and the transfer of shares between shareholders.