Saudi Fisheries incorporation of the new unit is still pending approvals and licenses from relevant authorities
Saudi Fisheries Co.s (SFICO) board of directors approved today, Aug. 20, the establishment of a SAR 100,000-capital wholly owned limited liability company in Qassim, the company said in a Tadawul filing.
The new unit will specialize in date trading, production, and logistics services. The incorporation is subject to obtaining approvals and licenses from the relevant authorities.
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The move is part of Saudi Fisheries strategy to restructure its operations and investments, with the company noting it will announce further updates in due course.
