# Saudi Fisheries to Sell Riyadh Headquarters Land in Online Auction From November 22

> Saudi Fisheries will sell its Riyadh headquarters land in Al-Malaz through an online public auction on Soum.Tech from November 22 to 25, 2026.

- Published: 2026-11-15T06:39:01+00:00
- Section: Divestitures
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-15/saudi-fisheries-riyadh-hq-land-auction
- Source: [Argaam](https://www.argaam.com/en/article/articledetail/id/1953810)

## Key takeaways

- Saudi Fisheries will offer the land under its Riyadh headquarters in Al-Malaz for sale through an online public auction on Soum.Tech.
- The auction is scheduled to run from November 22 to 25, 2026.
- Saudi Fisheries reported accumulated losses of SAR 24.8 million, or 37.03% of its SAR 66.99 million capital, as of September 30, 2026.

Saudi Fisheries Co. will sell the land on which its Riyadh headquarters sits through an online public auction on Soum.Tech, the company said in a statement to Tadawul. [Argaam](https://www.argaam.com/en/article/articledetail/id/1953810) reported the auction will run from November 22 to 25, 2026. The land is in Riyadh's Al-Malaz district.

## Saudi Fisheries Sets Soum.Tech Auction Dates

[Saudi Fisheries](https://akta.pro/company-profiles/003eth1/saudi-fisheris-co) is a publicly listed Saudi joint stock company founded in 1980 that operates integrated aquaculture, marine fishing, seafood processing, and retail and wholesale distribution. Soum.Tech operates the online platform on which the auction will be held.

The company said the land will be offered for sale through an online public auction on the Soum.Tech platform. The auction will run from November 22 to 25, 2026, according to the statement to Tadawul. Saudi Fisheries said any material developments will be announced in due course.

The statement did not disclose a reserve price or expected proceeds from the sale.

## Saudi Fisheries' Losses and Divestment Plan

Saudi Fisheries reported accumulated losses of SAR 24.8 million, or 37.03% of its SAR 66.99 million capital, as of September 30, 2026, according to [company records](https://akta.pro/company-data) on akta.pro. The same records state the company plans to sell its 51% stake in Al-Haridah Aquaculture and its Riyadh headquarters land to address the losses.

The company's headquarters moved from Dammam to Riyadh in 2018 as part of a broader corporate restructuring, the same records show.

## Al-Haridah Stake Sale and Capital Votes

Saudi Fisheries finalized the sale of its 51% stake in Al-Haridah Aquaculture to Sara National Trading for SAR 33.2 million, completing the issuance of electronic promissory notes, Argaam reported in October 2026. The financial impact is expected in the fourth quarter of 2026, subject to regulatory procedures.

In September 2026, shareholders rejected a 500% capital increase via rights issue, Argaam reported. The company's first and second extraordinary general meetings on September 2 were not held because of insufficient quorum, with attendance at 13.67% and 14.10% of voting shares, Argaam reported.

## Auction Window Closes November 25

The Soum.Tech auction is scheduled to close on November 25, 2026, the last day of the four-day window the company set for the sale.

## Companies in this story

- [Saudi Fisheris Co. company profile](https://akta.pro/company-profiles/003eth1/saudi-fisheris-co) · website: http://www.alasmak.com.sa
- [سومتك | SoumTech company profile](https://akta.pro/company-profiles/00sqs8t/soumtech) · website: https://soum.tech

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