Saudi Fisheries board approves incorporating new unit for date trading, logistics

21/08/2025 Argaam
Saudi Fisheries’ incorporation of the new unit is still pending approvals and licenses from relevant authorities

Saudi Fisheries’ incorporation of the new unit is still pending approvals and licenses from relevant authorities


Saudi Fisheries Co.’s (SFICO) board of directors approved on Aug. 20 the establishment of a SAR 100,000-capital wholly owned limited liability company in Qassim, the company said in a Tadawul filing.

 

The new unit will specialize in date trading, production, and logistics services. The incorporation is subject to obtaining approvals and licenses from the relevant authorities.

 

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The move is part of Saudi Fisheries’ strategy to restructure its operations and investments, with the company noting it will announce further updates in due course.

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