Saudi Fisheries Company secures new financing after difficult Q1

Riyadh, Saudi Arabia-based Saudi Fisheries Company (SFC) ‎has signed an agreement to obtain financing from two institutions totaling SAR 76 million (USD 20.2 million, EUR 19.9 million) to finance its operations.

The company, which engages in fishing, fish-farming, and marketing activities, announced a deal with Al Rajhi Bank for a loan of SAR 40 million (USD 10.7 million, EUR 10.5 million) to finance the seafood company’s operations. SFC simultaneously signed an agreement with the National Bank…

Photo courtesy of Saudi Fisheries Company