International Fish Farming Holding Company, known as Asmak, operates in the aquaculture and seafood industry with a presence in the UAE, Saudi Arabia, Bahrain and Oman. CEO Mamoon Othman had a tough start to the year, with the Abu Dhabi-listed company suffering AED12m net loss in the first quarter compared to a AED3.5m profit in the same period last year as losses from investments reached AED8.5m.