Saudi Fisheries extends Al-Haridah 51% stake sale for two months

Saudi Fisheries extends transfer period for 51% stake in Al-Haridha Aquaculture to Sara National

Saudi Fisheries Co. (SFICO) reached an agreement with Sara National Trading Co. to extend the period for transferring the lease contract and licenses related to the sale of a 51% stake in Al-Haridah National Aquaculture Co. for two additional months, starting Feb. 26, according to a Tadawul statement.

Saudi Fisheries had previously signed an agreement on Oct. 29, 2025, with Sara National Trading to enable the latter to acquire a controlling stake in Al-Haridah and to transfer related contracts, licenses, and project assets, according to Argaam data.

The company’s ordinary general meeting approved the transaction in December 2025.

The divested stake represents 51%, or 5,100 controlling units, with a transaction value of SAR 33.15 million, based on a total project valuation of SAR 65 million.