Riyadh – Mubasher: The Saudi Fisheries Company has signed a non-binding memorandum of understanding (MoU) with the Arabian ‎Agricultural Services Company (ARASCO) on 19 October.

The renewable deal will be effective for six months from the date of signing the MoU, according to a bourse filing on Tuesday.

Saudi Fisheries aims to consider future ‎cooperation in manufacturing and commercial ‎operation of the company’s feed factory for seafood, which is still under construction at Al Huraydah in the Asir region.‎