The company signed an addendum to the sale agreement and completed the issuance of electronic promissory notes by the guarantors.
The transaction’s financial impact is expected to be reflected in Q4 2026, subject to the completion of the necessary regulatory procedures, Saudi Fisheries said. It added that it would announce any material developments in due course.
Saudi Fisheries signed the agreement with Sara National Trading in October 2025, under which the latter would acquire a controlling 51% stake in Al-Haridah Aquaculture for SAR 33.2 million, according to Argaam data.
The transaction was subject to several conditions, including the transfer of the lease agreement and aquaculture licenses to Al-Haridah Aquaculture.
The two companies agreed in June 2026 to extend the deadline for transferring the lease agreement and licenses to Aug. 31, 2026. They agreed to extend the deadline further to Oct. 31, 2026, in August.
The company signed an addendum to the sale agreement and completed the issuance of electronic promissory notes by the guarantors.
The transaction’s financial impact is expected to be reflected in Q4 2026, subject to the completion of the necessary regulatory procedures, Saudi Fisheries said. It added that it would announce any material developments in due course.
Saudi Fisheries signed the agreement with Sara National Trading in October 2025, under which the latter would acquire a controlling 51% stake in Al-Haridah Aquaculture for SAR 33.2 million, according to Argaam data.
The transaction was subject to several conditions, including the transfer of the lease agreement and aquaculture licenses to Al-Haridah Aquaculture.
The two companies agreed in June 2026 to extend the deadline for transferring the lease agreement and licenses to Aug. 31, 2026. They agreed to extend the deadline further to Oct. 31, 2026, in August.
