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Al-Asmak Shareholders Reject 500% Capital Rise
The results of the extraordinary general assembly meeting of the Saudi Fish Company showed that shareholders rejected the 500% capital increase, despite 72.36% voting in favor, as the legal quorum was not met. The proposed increase was from 66.98 million riyals to 402 million riyals through the issuance of 33.5 million rights shares, aimed at supporting its strategy and future expansions. Additionally, shareholders approved the election of board members for the new term starting on October 25, 2026, which will last for three years.
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