Asmak Assembly Considers 500% Capital Boost

The Saudi Fisheries Company announced its plan to increase its capital by 500%, from 66.98 million SAR to 401.91 million SAR, through the issuance of 33.49 million new shares at a price of 10 SAR per share. This move aims to strengthen its strategic plans and support expansion efforts, especially in the date trading sector and related manufacturing industries. Approximately 74.6% of the proceeds are intended to be invested in this sector and to develop logistics, while the remaining funds will be used to settle debts and meet working capital needs. This increase comes after the company's capital was reduced due to a prior decline of 83.25% to offset accumulated losses. The goal is to continue supporting future growth and expansion.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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