Saudi Fisheris Co.

What Saudi Fisheris Co. does

Saudi Fisheries Company (Alasmak, الشركة السعودية للأسماك) is a publicly listed Saudi joint stock company founded by Royal Decree No. M/7 in 1980 and headquartered in Riyadh, with shares trading on Tadawul under ticker 6050 since 2001. The company operates as a vertically integrated fisheries and seafood platform spanning four business sectors: aquaculture (shrimp farming at Al-Huraida with 178 sand ponds producing 3,000 tons/year expandable to 6,000, floating cage fish farming with 611 tons/year capacity, and a tilapia farm in Qatif at 300 tons/year), marine fishing (fleet of 17 medium and 15 small vessels operating in the Red Sea and Arabian Gulf), manufacturing of value-added processed seafood products (approximately 12 SKUs across factories in Riyadh, Jeddah, Dammam, and Jizan), and commercial distribution including company-owned retail stores, wholesale supply, and seafood restaurants.

The company sells over 70 varieties of fresh, frozen, and processed marine products sourced from local fishing and aquaculture as well as imports. It serves four primary customer segments: individual retail consumers through 19 company-owned stores, B2B food service customers (restaurants, hospitals, catering companies, accommodation sectors, and food manufacturers), diners at company-operated seafood restaurants, and international export customers. Distribution is supported by a cold chain of over 100 refrigerated trucks and 8,000 tons of annual warehouse storage capacity across multiple regions, with supplementary sales channels through smartphone applications and social media.

Saudi Fisheries generates revenue through one-time sales across its retail, wholesale, restaurant, and processed product channels. Pricing is not publicly disclosed and sales are handled through inquiry-based contact forms. The company carries ISO 9001:2000, HACCP, and ISO 22000 certifications, holds the registered Alasmak brand, and operates sub-brands including Najil, Astackoz, and Sayyad Meal. It is positioned within Saudi Arabia's national food security agenda under Vision 2030 and has a stated SAR 400 million capital base (2020), having previously raised capital in increments culminating in SAR 535 million in 2011.

Name

Saudi Fisheris Co.

Legal name

Saudi Fisheries Company

Website

https://alasmak.com.sa

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Saudi Fisheries Company (Alasmak) is a publicly listed Saudi joint stock company founded in 1980, operating integrated aquaculture, marine fishing, seafood processing, and retail/wholesale distribution. It serves Saudi retail consumers, B2B food service clients, and export markets through 19 retail stores, 100+ refrigerated trucks, and multi-region manufacturing.

Ownership category

akta.pro rank

Product category

Seafood and Aquaculture

NAICS

Seafood Product Preparation and Packaging (31171), Aquaculture (1125), Fish and Seafood Merchant Wholesalers (42446), Seafood Product Preparation and Packaging (3117)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000)

akta.pro primary industry

Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)

akta.pro secondary industries

Shellfish Processing (Shrimp, Crab, Lobster, Mollusks) (AFANADAC), Ready-to-Eat Seafood (Cooked Shrimp, Crab, Lobster, Surimi) (AFANALAC), Seafood Markets & Fishmongers (CRAHAHAC), Live Seafood & Tank-Based Distribution Wholesale (AFAIADAI)

Keywords

• Seafood products
• Aquaculture farming
• Marine fishing
• Value-added seafood processing
• Frozen seafood wholesale

Headquarters

HQ city

Al Malaz

HQ country

Saudi Arabia

HQ region

Middle East

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Retail Sales: Direct sales to consumers through company-owned retail stores selling fresh fish products prepared daily from fish auctions and company fishing boats.
2. Wholesale Sales: Sales to restaurants, hospitals, catering companies, accommodation sectors, and food manufacturers. Offers over 70 varieties of fresh, frozen, and processed products from local and imported sources.
3. Seafood Restaurants: Operation and management of specialized seafood restaurants, with potential alliances with local and international restaurant chains.
4. Processed Seafood Products: Value-added manufactured seafood products including approximately 12 different processed food products sold through retail and wholesale channels.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Saudi Fisheries Company produces and distributes fresh and processed seafood through vertically integrated operations spanning marine fishing (fleet of 17 medium and 15 small vessels in the Red Sea and Arabian Gulf), aquaculture (shrimp farms at Al-Huraida producing 3,000 tons/year, sea-based floating cage fish farming producing 611 tons/year, and a 300 tons/year tilapia farm in Qatif), and ISO-certified value-added processing manufacturing approximately 12 processed seafood products. The company sells through 19 company-owned retail stores, wholesale channels serving restaurants, hospitals, catering and food manufacturers, specialty seafood restaurants, and mobile applications, supported by an in-house cold chain of 100+ refrigerated trucks and 8,000 tons of warehouse capacity.

Product overview

Saudi Fisheries Company is a Saudi joint stock company established in 1980, operating across aquaculture, marine fishing, manufacturing, and commercial (retail and wholesale) business sectors. Its product portfolio includes fresh fish products (Kanaad, Tilapia, Andak), Shrimp, and processed value-added seafood products (~12 different food products). The company distributes through company-owned retail stores (under brands including Najil, Astackoz, and Sayyad Meal), wholesale channels, and specialized seafood restaurants. Manufacturing operations include value-added products factories and supporting products factories (ice, packaging, polystyrene boxes) located across Riyadh, Jeddah, Dammam, and Jizan. The company also operates a strong supply chain with warehouses (8,000 tons/year capacity) and refrigerated truck fleet.

Differentiator

Problem solved

Functional benefit

Brands

• Najil (ناجل): Retail brand of Saudi Fisheries Company, operating multiple fish-owned stores across various regions in the Kingdom.
• Sayyad Meal
• Alasmak

Products and services

• Kanaad Fish Fresh Kanaad fish, a marine species offered as part of Saudi Fisheries' daily fresh fish product line sourced from fishing and aquaculture operations. Sold via company-owned retail stores and wholesale channels.
• Tilapia Tilapia fish produced through aquaculture operations, including a dedicated tilapia fish farm in Qatif Province with capacity of 300 tons per year. Sold as part of the company's daily fresh fish portfolio through retail and wholesale channels.
• Shrimp Shrimp produced from the company's aquaculture operations, including the Al-Huraida farm on the Red Sea coast with 178 sand ponds and a total production capacity of 3,000 tons per year (expandable to 6,000 tons). Sold via retail stores, wholesale, and as the company's flagship export product (e.g., 200-ton first shipment to Japan).
• Andak Fish Fresh Andak fish offered as part of Saudi Fisheries' marine creature product portfolio. Sold through company-owned retail stores and wholesale channels to restaurants, hospitals, catering, and food manufacturers.
• Value-Added Processed Seafood Products Approximately 12 different processed food products produced at the company's ISO-certified processing plants through sorting, cleaning, chopping, preservation, cooking, and packing operations. Manufactured at factories in Riyadh, Jeddah, Dammam, and Jizan and sold through retail and wholesale channels.
• Specialized Seafood Restaurant Operations (Sayyad Meal) Operation and management of specialized seafood restaurants under the Sayyad Meal brand, with potential alliances with local and international seafood restaurant chains. Targets fine-dining diners seeking fresh seafood and supports the company's healthy-eating promotion.
• Wholesale Seafood Supply (over 70 product varieties) Wholesale supply of fresh, frozen, and processed marine food products from local and imported sources — over 70 varieties — to restaurants, hospitals, catering companies, accommodation sectors, and food manufacturers.

Quantifiable outcome

• Shrimp farm production capacity of 3,000 tons annually, expandable to 6,000 tons
• +5 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor.

• Somali GovernmentminorStrategic or Co-development Partner · 1 January 1981Agreement with the Somali government allowing the company to conduct fishing operations in Somali waters until 2002. This partnership enabled the company to access additional fishing grounds outside Saudi territorial waters.
• Food Processing CompaniesminorStrategic or Co-development PartnerAlliances with companies specializing in food processing to increase product base and develop nutritional specifications for value-added seafood products.
• Local and International Restaurant ChainsminorStrategic or Co-development PartnerPartnerships and alliances with local and international specialized restaurant chains to transfer experience and develop products promoting healthy eating culture in the Kingdom.
• Internal and External Universities and ExpertsminorStrategic or Co-development PartnerR&D center deals with internal and external experts and universities concerned with research on breeding and manufacturing of marine food products.

Scale indicators15 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• National Aquaculture Group (NAQUA): Saudi Arabia's largest aquaculture company, farming shrimp and marine fish on the Red Sea coast. Directly comparable to Saudi Fisheries' Al-Huraida shrimp and floating-cage operations, and the most significant domestic competitor in Saudi aquaculture.
• Arab Fisheries Co. Regional fisheries and seafood company operating in MENA markets with similar fishing, aquaculture and wholesale distribution activities. A directly comparable peer in fish harvesting and seafood distribution within the Arab world.

Regional players

• Tabuk Agricultural Development Company (TADCO): Saudi-listed agricultural company (Tadawul) with diversified food production including livestock and some aquaculture activity. Comparable as a regional Saudi-listed primary-sector operator with public-market discipline and food-security mandate.
• Tanmiah Food Company: Saudi-listed (Tadawul) protein producer covering poultry and other meat categories, with established retail and foodservice distribution in Saudi Arabia. Comparable as a Saudi-listed protein company leveraging domestic distribution and a food-security-aligned strategy.
• Arab Company for Livestock & Agricultural Development (ACOLAD): Regional food and livestock producer with food-security mandate in MENA. Comparable as a publicly-aligned regional producer in the primary food sector, with some overlap in protein distribution channels.

Emerging players

• Ocean Harvest Technology: Emerging aquaculture and seafood health-products company. Comparable as a smaller aquaculture operator exploring value-added seafood categories, intersecting with Saudi Fisheries' processed-product strategy.

Broad incumbents

• Thai Union Group: Global seafood giant (tuna, shrimp, pet food) listed in Thailand. Comparable as a vertically integrated aquaculture-and-processing operator with global brand portfolio — a benchmark for Saudi Fisheries' aspiration to scale value-added seafood manufacturing.
• Mowi ASA: World's largest salmon aquaculture company, listed in Oslo. Comparable as a publicly traded aquaculture leader with end-to-end value chain control and premium seafood branding — relevant benchmark for Saudi Fisheries' aquaculture-centric model.
• Charoen Pokphand Foods (CPF): Asian aquaculture and seafood major with shrimp and fish farming operations. Comparable to Saudi Fisheries in aquaculture-based seafood production, processing, and feed integration — a model for vertical scaling.

Others

• Skretting (Nutreco aquaculture feed): Global aquaculture feed supplier. Comparable as a value-chain enabler adjacent to Saudi Fisheries' newly approved feed plant and aquaculture operations — relevant to understanding feed economics in the company's shrimp and fish farming model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SFC_Alasmak
• Facebookfacebook.com/alasmakSFC
• LinkedInlinkedin.com/company/alasmak
• Instagraminstagram.com/SFC_Alasmak

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Fisheris Co.