Saudi Fisheries Company was established by Royal Decree No. M / 7 in 1980 as a Saudi joint stock company in the field of fishing mainly. The company’s purpose base was expanded to include the investment of living aquatic resources and related industries and marketing them internally and externally. The Saudi Government represented by The Public Investment Fund (PIF) has contributed in 40% and the remaining for individual investors is 60%.
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. R & D deals with internal and external experts and universities concerned with research on the breeding and manufacture of marine food products.
To contribute to the strengthening of food security initiatives in the Kingdom of Saudi Arabia mainly by providing a range of diverse marine products, with high nutritional value and quality to the highest international standards to ensure the full satisfaction of our customers and to achieve our vision in the long term.
To contribute to the strengthening of food security initiatives in the Kingdom of Saudi Arabia mainly by providing a range of diverse marine products, with high nutritional value and quality to the highest international standards to ensure the full satisfaction of our customers and to achieve our vision in the long term.
In 1978, the Council of Ministers issued Resolution No. (545), which included the establishment of a joint stock company for fishing, in which the government participates by 40%. In 1979, the Council of Ministers issued Resolution No. (35), which included the formation of the first board of directors of the company, where the first meeting of the Board of Directors of the company was held under the chairmanship of HE the Minister of Agriculture and Water at the time Dr. Abdul Rahman bin Abdul Aziz Al-Sheikh. During the same year, Dr. Nasser bin Othman Al Saleh was appointed as the first general manager of the company and the contract for establishing the Saudi Fish Company was documented. In 1980, the Saudi Fish Company was established in accordance with Royal Decree No. 7 / M as a Saudi joint stock company with a capital of SR 100 million.
The Saudi Fish Company was established with the aim of carrying out fishing activities and investing in living aquatic resources in the territorial waters of the Kingdom of Saudi Arabia according to the specific regulations and standards, as well as the manufacture and marketing of fish products and their cultivation.
The Company’s headquarters in the Eastern Province of Saudi Arabia (Dammam) and through which the company started its activity in one place also in Dammam and one rented boat used for fishing in the Arabian Gulf, after that began fishing operations in the Red Sea in Jazan and the company then owns two ships.
In addition, we have established four branches in Riyadh and Jazan. The first shipment of shrimp was exported to Japan. It was weighing about 200 tons, Storage centers for storage and preservation of marine products were also established in various areas. It was also agreed with the Somali government to allow the company to carry out fishing in Somali waters until 2002. In 1983, fishing stopped completely in the Arabian Gulf due to pollution from Iranian oil wells.
In 1985, the Saudi Industrial Development Fund approved the financing of the reception and processing center in Dammam for 15 million Saudi riyals. This event was a qualitative leap for the company to a higher level of development in the field of storage and processing of marine products. This was followed by the tender for the establishment of Riyadh and Jeddah centers for SR 19 million.
In 1987, the first issue of Al-Nokhitha was published, a special bulletin of the company and the link between the company and its customers, which continued until 1993, and the name of the fish was replaced by the fish in line with the company’s name and trade identity.
In 1988, the establishment of the value-added seafood project, which was established to offer a range of manufactured marine products to a large segment of consumers in the local market, was approved. The brand (fish) was adopted in 1992 under the company’s logo and business identity. The company has more than 100 refrigerated trucks for transporting marine products between the production centers and distributing them to the regions and shops.
In 1992, the company decided to diversify its investment portfolio by entering into aquaculture operations and leasing land on the Red Sea coast in Al-Huraida region with a total area of 7500 square meters. It was licensed for shrimp farming. The project was completed in 1997 with 108 sand basins and operating starts with an investment value of 200 million riyals Saudi. In 2007, an extension of the shrimp farm in Al-Huraida was approved with an investment value of SR 12 million and a total of 70 new sand basins. The total number of ponds reached 178 dunums with a production capacity of 3000 tons per year, which can be expanded to 6,000 tons annually.
In 1990, it was agreed to purchase fish farm in Qatif province to produce tilapia, with a production capacity of 40 tons per year, which was subsequently increased to 200 tons per year, which began experimental production in 1993.
In 1991, the commercial concession was approved under the name of the Saudi Fish Company. In 1994, the concession was granted to some investors in the retail sector. In 2002, the concession was approved in the Eastern, Central, Western and Assir regions.
In 2001, the Company’s shares were listed and traded on the Saudi Stock Exchange (Tadawul). After that in 2005, the Company’s capital was approved to increase the Company’s capital by SAR 100 million to become SR 200 million. In 2011, the company’s capital increased by SR 335 million to SR 535 million. Subsequently, in 2013, several projects were approved, most notably the project of floating cages for raising fish in the sea within the Huraida farm, as well as the approval of the establishment of the feed plant within the components of Al Huraida farm.
In 2002, the company obtained the certificate of applying Quality Management System 2000: 9001, HACCP and Food Quality. The company was awarded the HACCP certificate in 2002 and was subsequently awarded the ISO22000 certification in 2009.
In October 2017, a new Board of Directors was elected at its 12th session under the leadership of HE Mr. Tarek Bin Abdullah Al-Rameem and membership of a team of national competencies to develop the company’s business The Board of Directors appointed Mr. Ahmed Bin Sulaiman Al-Muzaini in mid-2018 as a Managing Director of the Company. He started his work by preparing a strategic plan for transformation supported by various ambitious programs and projects approved by the Board of Directors. In the same year, bug The company’s headquarters were relocated from Dammam to Riyadh.
The team works hard to achieve the requirements of the strategic transformation plan and to make a qualitative leap in the company’s business, improve the quality and performance of its projects, maximize the exploitation of its existing assets, develop and develop them and enter into partnerships and alliances with qualified and reliable entities to ensure the return of fish to its leading position in the sector of quality marine products, To the aspirations of its customers.
The Board of Directors affirms the company’s focus and its management team on the achievement of its strategic objectives and objectives, and carries out its activities and functions in accordance with the company’s vision, mission and objectives. The Board of Directors of the Saudi Fish Company consists of nine members representing a selection of businessmen and specialists with expertise suitable for the company’s business.
These initiatives have been transformed into a real and effective industry that contributes mainly to the economic development of the Kingdom. Among these initiatives was the establishment of the Saudi Fisheries Company, which was one of the first contributors to this field and the transformation of aquaculture into a real industry based on well thought out strategies of the maritime system. Which extends over more than 30 years to reach the height of its success in the era of the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz, achieving the main objective is the local self-sufficiency of marine production and the reduction of imports in addition to doubling the local reserve of Step marine fish as one of the fundamental pillars of the national economy. Today, in the light of the growing aspirations for good leadership in the Kingdom and with the vision of 2030, we seek to redouble our efforts to make the Kingdom a leader in achieving food sustainability and food security in the region through the intelligent and effective investment of marine wealth stocks and management through the development of aquaculture techniques that will protect Primarily the risk of shrinking the natural supply of fish stocks, which was expected to increase growth and consumption. We continue to look forward to a brighter future, a future that builds our hands and reap the benefits of tomorrow’s generations.
