Saudi Fisheries Co. - SFICO

Activities

Saudi Fisheries Company, also known as "Alasmak", was established by Royal Decree No. M / 7 in 1980 as a Saudi joint stock company. In accordance with the bylaws, the Company shall engage in fishing in international waters, fish farming in the seas, and other activities for the processing and preservation of shrimps and aquatic organisms, shrimps and seafood grilling shops. The activities require obtaining a license from relevant authorities such as the Ministry of Environment, Water and Agriculture and the Ministry of Energy, Industry and Mineral Resources. The Saudi Government represented by The Public Investment Fund (PIF) has contributed in 40% and the remaining for individual investors is 60%. Alasmak focuses on developing investment opportunities in fishing and aquaculture. Their operations extend to both Saudi and international waters. Alasmak isn't just content with catching fish; they also process and market seafood products. Saudi Fisheries Company is one of the first specialized companies in its field and has accumulated expertise and advanced infrastructure in the marine fishing, aquaculture, logistics, food and seafood industries, commercial and wholesale sectors, and the operation and management of a number of seafood restaurants. Saudi Fisheries Company provides high quality food products that contribute to the Kingdom's food security based on Vision 2030 by focusing on quality, food safety and continuous development. The company owns shrimp and fish farms and three production plants followed by ice production and storage facilities. In addition, there is a strong supply chain consisting of warehouses in different parts of the Kingdom with a capacity of 8000 tons per year and a fleet of refrigerated trucks to maintain the quality of products.