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Arab Sea Information System Co. Announces the latest update related to establish Arab Sea Financial Company specialized in E- payments

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Introduction Arab Sea Information System Company announces that on September 15, 2022, Arab Sea Financial Company( one of its subsidiaries ) obtained the final approval from the Saudi Central Bank to engage in E- payments activity, according to what was published on the website of the Central Bank of Saudi Arabia.
Previous Announcement Arab Sea Information System Co. Announces the latest update related to establish Arab Sea Financial Company specialized in E- payments
Date of Previous Announcement on Tadawul's Website 2022-01-02 Corresponding to 1443-05-29
Percentage of fulfilled achievement 100%
Event's Expected Completion Date final approval was obtained from the Central Bank of Saudi Arabia to engage in E- payments activity on September 15, 2022
The costs associated with the event, and if they have changed or not with indication of the reasons. There are no costs associated with the event during the current period, and the financial impact will be announced later

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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