Saudi Fisheries to sell 51% of Al-Haridah for SAR 33.2M

Saudi Fisheries sells controlling stake in Al-Haridah Aquaculture to Sara National Trading

Saudi Fisheries Co. (SFICO) shareholders approved the sale of a 51% stake in Al-Haridah Aquaculture Co., a wholly owned subsidiary, to Sara National Trading Co., during the ordinary general meeting (OGM) held on Nov. 30.

Sara National acquired a controlling stake of 51% (5,100 shares) in Al-Haridah for SAR 33.15 million, based on the project’s total value of SAR 65 million, the company said in a statement on Tadawul.

Meanwhile, shareholders ratified the board’s decision to appoint Rayan Al-Mansour (executive member) to the board, effective from his appointment date on July 23, 2025, to complete the current term ending on October 24, 2026. He succeeds Saeed Al-Mu'aythir (independent member).