Saudi Fisheries Co. (Alasmak) has invited shareholders to discuss a 62.64 percent capital reduction at the extraordinary general meeting (EGM) to be held on April 19, 2017, it said in a statement to Saudi bourse, Tadawul.

 

Alasmak proposes to cut its capital to SAR 200 million from around SAR 535 million by writing down 33.54 million outstanding shares.

 

The company, which owns fish and shrimp farms, submitted its application to reduce capital to the Saudi market regulator, the Capital Market Authority (CMA), after accumulated losses exceeded 50 percent of capital.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Fisheries submits capital cut request to CMA
Saudi Fisheries recommends capital cut to offset losses

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request