Saudi Fisheries Eliminates Accumulated Losses After Capital Reduction

Saudi Fisheries Co. said its accumulated losses have been fully extinguished, bringing them to 0% of its capital.

In a statement to Tadawul, the company said the reduction of its capital from SAR 400 million to SAR 66.9 million, an 83.25% cut, was approved by its Extraordinary General Assembly. As of Jan. 26, 2025, the accumulated losses have been fully eliminated.

The announcement follows the company’s earlier statement on Tadawul on Jan. 27, detailing the outcome of the Extraordinary General Assembly meeting held on Jan. 26, which approved the capital reduction.