Logo ofSaudi Fisheries Co. (Alasmak)
Saudi Fisheries Co.’s (Alasmak) board of directors amended its capital reduction recommendation from 52.89% to 66.2%, implying a decrease in capital from SAR 400 million to SAR 135.24 million. 
Key Figures of Capital Reduction
Current Capital
SAR 400 mln
Number of shares
40 mln
Reduction (%)
66.2%
New Capital
SAR 135.20 mln
Number of Shares After Reduction
13.52 mln
Method
Writing off 26.48 million shares
Reason
Restructuring the company’s capital for accumulated losses amortization
According to data available on Argaam, Saudi Fisheries appointed, on May 6, ANB Capital to advise on the company’s capital reduction.
Logo ofSaudi Fisheries Co. (Alasmak)
Saudi Fisheries Co.’s (Alasmak) board of directors amended its capital reduction recommendation from 52.89% to 66.2%, implying a decrease in capital from SAR 400 million to SAR 135.24 million.
Key Figures of Capital Reduction
Current Capital
SAR 400 mln
Number of shares
40 mln
Reduction (%)
66.2%
New Capital
SAR 135.20 mln
Number of Shares After Reduction
13.52 mln
Method
Writing off 26.48 million shares
Reason
Restructuring the company’s capital for accumulated losses amortization
According to data available on Argaam, Saudi Fisheries appointed, on May 6, ANB Capital to advise on the company’s capital reduction.
