Muscat – The Board of Directors at Oman Fisheries has announced a collective resignation following a severe and insurmountable liquidity crisis. Despite achieving positive operational results over the past two consecutive years, the company has reached a point where it can no longer sustain its operations due to acute financial pressures.

This decision follows a meeting on May 21, 2026, during which the board noted that shareholders, during the Annual General Meeting held on May 4, 2026, were unwilling to provide the urgently required financial assistance or any commitment to support the firm. Consequently, the board has placed the final decision regarding the company’s future in the hands of the shareholders.

A General Ordinary meeting has been convened to inform shareholders of the board’s resignation and to facilitate the election of a new board. Additionally, the company has formally accepted the resignation of the General Manager, Dawood Suleiman Al Wahaibi, for personal reasons, which will become effective on July 31, 2026.

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