Oman Fisheries Company SAOG announced that it has entered into a private placement agreement to issue common shares for gross proceeds of OMR 3,807,700 on February 16, 2022. The transaction will include participation from Gulf Japan 1, a fund managed by Mizuho Gulf Capital Partners Ltd. through an SPV, Aqua Holding Company. The transaction is subject to approvals of the relevant authorities and the company's shareholders in an Extraordinary General Meeting.

Post the transaction, the company's issued share capital will be increase to OMR 16,307,700.