Saudi Fisheries Clears Final Hurdle in Al-Haridah Sale
Riyadh, Saudi Arabia — Saudi Fisheries Company has completed the transfer of an agricultural land lease to Al-Haridah National Aquaculture Company, fulfilling all its obligations under a 51% stake sale agreement with Sara National Trading Company. The move clears the last remaining condition blocking Al-Haridah National Aquaculture Company from launching commercial operations. Deal Details The…
Saudi Fisheries Company has finalized the sale of a 51% stake in Al-Haridah National Aquaculture Company, completing all contractual obligations as outlined in the agreement with Sara National Trading Company. The transfer includes a 30-year lease for agricultural land essential for shrimp farming operations in Al-Haridah, beginning in 1448 AH at an annual rent of 7,500 SAR.
This completes the divestiture process and enables Al-Haridah to begin commercial shrimp farming without regulatory barriers. Investors will closely monitor the fourth quarter of 2026 for the financial impact of the transaction, which signifies Saudi Fisheries' strategic shift towards a more focused role in Saudi Arabia's aquaculture sector, aligned with Vision 2030 goals.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
