Saudi Arabia Seafood Companies: Leaders, Top & Emerging Players and Strategic Moves

SA seafood sector leaders like National Aquaculture Group (NAQUA) and Saudi Fisheries Company, along with diversified players such as Almunajem Foods, compete through scale, product variety, and aquaculture innovation. Analyst focus includes branding, local sourcing, and joint ventures as key strategies for differentiation. Explore the full strategic view in our Saudi Arabia Seafood Report.

KEY PLAYERS
National Aquaculture Group (NAQUA) Saudi Fisheries Company Tabuk Fisheries Co. Arab Fisheries Co. Almunajem Foods
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Top 5 Saudi Arabia Seafood Companies

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    National Aquaculture Group (NAQUA)

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    Saudi Fisheries Company

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    Tabuk Fisheries Co.

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    Arab Fisheries Co.

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    Almunajem Foods

Top Saudi Arabia Seafood Major Players

Source: Mordor Intelligence

Saudi Arabia Seafood Companies Matrix by Mordor Intelligence

Our comprehensive proprietary performance metrics of key Saudi Arabia Seafood players beyond traditional revenue and ranking measures

The MI Matrix can diverge from simple size rankings because it rewards proof of delivery capability, not only revenue scale. Asset readiness, product freshness outcomes, compliance track record, and the cadence of new site or partnership activity can move scores faster than topline changes. Saudi Arabia is pushing aquaculture expansion under Vision 2030, and projects like large hatcheries and newer farming systems are becoming more common. Buyers also search for dependable cold chain providers in Riyadh, Jeddah, and Dammam because temperature control drives both safety and shrink. This MI Matrix by Mordor Intelligence is more useful for supplier and competitor evaluation than revenue tables alone because it weights execution signals that directly affect continuity of supply.

MI Competitive Matrix for Saudi Arabia Seafood

The MI Matrix benchmarks top Saudi Arabia Seafood Companies on dual axes of Impact and Execution Scale.

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Analysis of Saudi Arabia Seafood Companies and Quadrants in the MI Competitive Matrix

Comprehensive positioning breakdown

National Aquaculture Group (NAQUA)

Scale in Saudi aquaculture remains the clearest differentiator, and NAQUA benefits from that reality. NAQUA, a leading producer, can translate MEWA aligned capacity targets into longer contracts with retailers and hotels while defending margins through tight biosecurity and feed discipline. In June 2023, SALIC took an equity stake that signaled policy alignment and funding support for expansion priorities. If export demand softens, the best hedge is shifting mix toward value added formats that travel better. The most material risk is disease or input shocks that disrupt harvest timing.

Leaders

Tabuk Fisheries Co.

Project backed expansion is reshaping supply expectations for farmed finfish in the northwest. Tabuk Fisheries, a top manufacturer in the Saudi seafood space, is now tied to Topian Aquaculture through a NEOM joint venture that targets a large hatchery and marine pen output. This alignment fits Vision 2030 goals and can ease permitting and infrastructure coordination. If feed costs rise, the advantage shifts to operators that control survival rates and grow out cycles better than peers. The biggest risk is build schedule slip that delays biological ramp and working capital payback.

Leaders

Almunajem Foods

Distribution coverage often wins when seafood is increasingly purchased alongside broader frozen proteins. Almunajem Foods, a major distributor with Saudi Exchange disclosures, has pointed to new local production capacity that includes seafood processing, which can reduce import lead time risk. Profit volatility in 2025 shows the need to protect margins through mix and pricing discipline, not only volume growth. If the Jeddah factory ramps smoothly, service levels for inland cities should improve. The critical risk is execution drag that turns a capacity build into a cost burden before utilization rises.

Leaders

NEOM-Cargill Aquaculture JV

Technology first aquaculture is moving from concept to pilots, and that changes buyer expectations. NEOM and Cargill have disclosed collaboration intent to support sustainable aquaculture expansion, while Topian has described multiple partnerships tied to regenerative aquaculture programs. If closed containment and advanced systems ramp smoothly, local supply of premium species can reduce reliance on long haul imports. The downside is execution risk, since novel systems can see early mortality and commissioning delays. Regulatory alignment is a strength here, but near term volumes remain the uncertainty.

Leaders

Frequently Asked Questions

How should a hotel or caterer shortlist seafood companies in Saudi Arabia?

Start with cold chain reliability, then confirm product documentation and lot traceability. Ask for recent customer references with similar volume and service hours.

What signals show a seafood company can scale deliveries across the Kingdom?

Look for multi city warehousing, consistent reefer capacity, and clear cut spec standardization. A second signal is whether they can keep fill rates during Ramadan and peak tourism weeks.

What should buyers verify for imported salmon and other premium fish?

Confirm origin documentation, storage temperature logs, and re packing controls. For fillets, verify glaze percentage, net weight practice, and thaw loss expectations.

How do farmed shrimp suppliers typically differentiate in Saudi Arabia?

They differentiate through survival consistency, harvest scheduling, and pack size uniformity. Practical proof includes stable grading, fewer claims, and faster replenishment cycles.

What are common operational risks in seafood distribution inside Saudi Arabia?

Temperature excursions during last mile delivery are a frequent root cause of shrink. Another risk is documentation mismatch that triggers holds at inspection points.

What near term trend most affects buyer contracts through 2030?

More buyers are adding tighter traceability and labeling clauses, especially for frozen and processed items. Contract terms are also shifting toward service level commitments on delivery windows and substitutions.


Methodology

Research approach and analytical framework

Data Sourcing & Research Approach

Evidence was taken from company investor disclosures, exchange filings, company sites, and credible journalism. The approach supports both public and private firms by using observable signals like new facilities, certifications, and formal partnerships. When direct segment numbers were unavailable, scoring relied on Saudi Arabia specific footprint indicators rather than global scale. Conflicting signals were handled through triangulation across multiple public references.

Impact Parameters
1
Presence

Facilities, cold stores, and sales coverage across Saudi regions determine service reach and speed.

2
Brand

Hotels, retailers, and regulators favor names associated with safe handling and consistent labeling practices.

3
Share

Relative position is inferred from disclosed seafood revenues, site scale, and contract signals within Saudi Arabia.

Execution Scale Parameters
1
Operations

Farms, processing lines, and cold chain assets reduce spoilage and support year round availability.

2
Innovation

New farming systems, traceability, and value added formats since 2023 improve margins and reduce import reliance.

3
Financials

Seafood linked profitability and balance sheet capacity determine resilience through feed, freight, and demand swings.