Riyadh - Mubasher: The accumulated losses of the Saudi Fisheries Company reached SAR 17.87 million as of 31 December 2025, representing 26.70% of its SAR 66.98 million capital.
The company attributed the losses primarily to fixed and idle farm costs last year, according to a bourse filing.
Provisions totaled SAR 8.77 million, of which SAR 7.57 million was for impairment of non-financial assets and SAR 1.67 million for inventory.
Additional factors included higher consulting expenses linked to a capital restructuring initiative, a decline in wholesale activities, and the closure of several retail stores.
In August 2025, the board of Saudi Fisheries approved the establishment of a limited liability company headquartered in Al Qassim with a capital of SAR 100,000.
