The board of Tadawul-listed Saudi Fisheries (Sfico) has named Mahmoud Abdul Hay Abu Aqeel as its acting CEO after it “relieved” Awad Farouk Al Desoukiof his duties, it said in a disclosure to Tadawul yesterday. Aqeel has been Sfico’s chief financial officer since 2022 and has some 17 years of industry experience.

Sfico is a major producer and distributor of fresh and frozen fish and fish products. The company reported deeper losses last year even as revenues ticked up.

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