Saudi Fisheries continues to post losses, capital losses reach 38 percent

Published on
August 24, 2022
The exterior of Saudi Fisheries Company's headquarters in Dammam, Saudi Arabia.

Dammam, Saudi Arabia-based Saudi Fisheries Co. (SFC) has announced that despite a significant increase in sales revenue, the company posted net losses for H1 2022.  

SFC’s interim financial results filing to the Saudi Stock Exchange on 22 August, 2022 indicates the company posted sales of SAR 29.3 million (USD 7.81 million, EUR 7.84 million) up 34 percent from the SAR 21.8 million (USD 5.81 million EUR 5.83 million) for a similar period in 2021. Despite the increase, the company’s net losses …

Photo courtesy of Saudi Fisheries Company

Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500