SIFCO announced the Latest Developments on OUMG Farming Project (Shrimp & Fish)

16/01/2014 Argaam

 The board of Saudi Fisheries Co. met on Thursday, 16/1/2014, to discuss bids submitted to  the company for Oumg Farming project (shrimp and fish), with an annual production capacity of 3000 tons, the company said in a statement to Tadawul.

The company added that the bid prices are not acceptable according to the project feasibility study. The company's BOD is studying other options and will discuss them in the next board meeting on 9/04//2014, according to the statement.

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