Saudi Fisheries shareholders approve selling assets

Saudi Fisheries Co.’s (Alasmak) shareholders approved the board’s recommendation to sell two land plots owned by the company in Riyadh and Qassim, the company said in a bourse statement.

The two plots have total areas of 595 and 4,980 square meters, respectively.

The company’s general assembly, held on Wednesday, also permitted the board member, Haytham Al Gosaibi, to engage in competitive activities for one year.

Other items on the agenda included electing members of the audit committee and voting on updated charters for the nominations and remunerations committee and the audit committee.

In addition, the general assembly voted on updated policies for board membership and the remuneration policy for board members and executives.

The Riyadh plot has a book value of SAR 1.25 million, while that of the one in Qassim is SAR 160,000, according to data compiled by Argaam.