Saudi Fisheries Board Recommends Capital Increase via Rights Issue

The Saudi Fisheries Company announced that its Board of Directors has recommended increasing the company’s capital through a rights issue, with a total amount of SAR 334.9 million.

According to the company, the capital increase aims to support the implementation of its strategic plans and enhance future activities.

Eligibility for the rights issue will be granted to shareholders who own shares on the day of the Extraordinary General Assembly meeting approving the capital increase. Their names must also appear in the issuer’s shareholder register with the Securities Depository Center at the end of the second trading day following the assembly date.