Saudi Fisheries terminates fish feed MoU with ARASCO

Logo of Saudi Fisheries Co. (Asmak)

Saudi Fisheries Co. (Asmak) terminated the previously signed memorandum of understanding (MoU) with Arabian Agricultural Services Co. (ARASCO).

According to a statement to Tadawul, the company clarified that the MoU was terminated without reaching a mutual agreement between the two parties and without any obligation on either side.

According to Argaam’s data, Asmak had signed a non-binding MoU with ARASCO in October 2021. The MoU was aimed at exploring future cooperation regarding the manufacturing and commercial operation of the company’s under-construction aquatic animal feed plant in Al-Haridah, Asir.

The MoU was extended twice until the project was discontinued in October 2022.

In February 2025, the company signed a non-binding MoU with ARASCO to establish a general framework for cooperation in animal feed, define the scope of work, and explore potential partnership opportunities.