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Arab Sea Information System Co. Announces its accumulated loses reaching 21.45 % of its capital
| Element List | Explanation |
|---|---|
| Introduction | Arab Sea Information Systems Company announces that its accumulated losses have reached 21.45% of its capital of SAR 100,000,000, based on the company's annual financial statements for the period ending March 31, 2026. |
| Date of Realization of the Loss | 2026-03-31 Corresponding to 1447-10-12 |
| Amount of the Accumulated Losses | 21,454,987 |
| Percentage of the Accumulated Losses out of the Capital (%) | 21.45 % |
| Major Reasons Leading to the Losses | The main reason is due to: - Losses by subsidiaries companies amounting to SAR 33,610,100, including establishment expenses and an impairment provision for intangible assets. - In addition to an impairment provision for credit losses of SAR 29,027,963. |
| Application of the Procedures and Instructions | Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will be Applied |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Company Performance
Key Parameters
Last Price 3.37
Net Change -0.01 (-0.3%)
Value Traded (Sar) 1,183,647.87
Volume Traded 351,634
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