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May 14, 2026| 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 |
كل عام والسعودية تُعانق السماء مجدًا وطموح وإزدهار اللهم ادم علينا الامن والامان والرخاء واحفظ هذه البلاد وقادتها من كل سوء
