A supplementary explanatory announcement from the Saudi Fisheries Company regarding its announcement of the sale of a 51% ownership stake in Al-Haridah Aquaculture Company.
| Element List | Explanation |
|---|---|
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-10-29 Corresponding to 1447-05-07 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Explanatory Statement Regarding the Book Value of Assets:
• Net Book Value of Fixed Assets of the Project Subject to the Agreement as of September 30, 2025: SAR 78,306,367
• Allowance for Impairment of Assets as of September 30, 2025: SAR 15,884,000
• Capital Works in Progress as of September 30, 2025: SAR 3,329,311
• Allowance for Impairment of Capital Works in Progress as of September 30, 2025: SAR 3,329,311
• Net Value of Project Assets After Allowance as of September 30, 2025: SAR 62,422,367 |
| Financial Impact on the change | The final financial impact on the company's financial statements will be determined at the effective date of the agreement and the transfer of material risks and benefits, after accounting for depreciation expenses related to the covered assets up to the effective date. |
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