Saudi Fisheries Company announces the latest developments regarding the renewal of the land lease for the Al-Haridah farm.

Element List	Explanation
Introduction	Further to the Saudi Fisheries Company's announcement on the Tadawul website dated October 7, 2025, regarding receiving approval from the Ministry of Environment, Water and Agriculture for the renewal of the lease agreement for the Al-Haridah Farm, located in the Asir region, with an area of 7,500 dunams, following the company's payment of outstanding financial obligations and the subsequent transfer of the lease to Al-Haridah Company in accordance with the Ministry's procedures and regulations. Furthermore, and further to the Saudi Fisheries Company's announcement on the Tadawul website dated October 20, 2025, regarding the renewal of the Al-Haridah Farm lease agreement, the Saudi Fisheries Company announces the completion of the renewal of the lease agreement for the Al-Haridah Farm, located in the Asir region, with an area of 7,500 dunams. The new lease will commence on the expiry date of the current agreement, December 30, 1447 AH (corresponding to approximately October 20, 2025), for a period of thirty Hijri years, at an annual rental value of SAR 7,500, representing a 99% reduction from the previous agreement. This will positively impact the project's operating costs and ensure the continued long-term utilization of the company's operational asset. Any developments in this regard will be announced in due course.
Previous Announcement	The Saudi Fisheries Company announces the latest developments regarding the renewal of the land lease for the Al-Haridah farm.
Date of Previous Announcement on Saudi Exchange’s Website	2025-10-20 Corresponding to 1447-04-28
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Saudi Fisheries Company announces the completion of the renewal of the lease agreement for the Al-Haridah farm, located in the Asir region, which covers an area of 7,500 dunams. The new agreement will commence on the expiry date of the current agreement, 30/12/1447 AH, for a period of thirty Hijri years, at an annual rent of SAR 7,500, representing a 99% reduction from the previous agreement. This will positively impact the project's operating costs and ensure the continued utilization of the company's operational asset in the long term. The company also states that it will disclose, in a separate announcement at a later date, the amendment of the investor's (lessee's) name in the agreement to "Al-Haridah National Company" instead of "The Saudi Fisheries Company." The company will disclose any subsequent material developments in due course.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable