Saudi Fisheries’ Chairman to retain 25% of shares for 1 year

Logo of Saudi Fisheries Co.

Saudi Fisheries Co.’s new Chairman, Abdulaziz Al-Humaid, will retain 25% of the company's shares (10 million shares) and will not dispose of them —either through sale or transfer—in any form for a year as of today, Sept. 16, the company said in a corrective statement to Tadawul.

 

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The company received a letter from Al-Humaid on Sept. 15 indicating that the shareholder will retain 25% of the company’s shares without any financial impact on the company.

 

Earlier this month, Saudi Agricultural and Livestock Investment Co. (SALIC) completed the sale of its entire 40% stake (16 million shares) in Saudi Fisheries to Al-Humaid, Argaam earlier reported.

 

Saudi Fisheries' board of directors appointed, on Sept. 4, Al-Humaid as Chairman.

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