Shareholders of Saudi Fisheries have voted down a plan to raise nearly USD 90 million in capital, according to SeafoodSource.
The proposed fundraising, worth close to USD 90 million, was turned down by the company’s shareholders.
What the Saudi Fisheries Vote Means for the Company
Saudi Fisheries had sought shareholder approval to raise the capital. The vote means the plan will not go ahead as proposed. More on this story can be found in the business section.
Key facts
- Saudi Fisheries proposed raising nearly USD 90 million in capital
- Shareholders rejected the capital-raising plan
