Arab Sea Information Systems Company announces the Board of Directors’ recommendation to split the nominal value of the share

Media Center August 16, 2023

Element List	Explanation
Announcement Detail	Arab Sea Information Systems Company announces the recommendation of the Board of Directors to the Extraordinary General Assembly of the company issued in its meeting held on 16-08-2023 AD to split the nominal value of the share from (10) ten riyals per share to (1) one riyal per share. Thus, the number of the company’s shares will become (100,000,000) one hundred million shares instead of (10,000,000) ten million shares, with the company’s commitment to complete the necessary related procedures. any developments will be announced in due course.

Element List

Explanation

Announcement Detail

Arab Sea Information Systems Company announces the recommendation of the Board of Directors to the Extraordinary General Assembly of the company issued in its meeting held on 16-08-2023 AD to split the nominal value of the share from (10) ten riyals per share to (1) one riyal per share. Thus, the number of the company’s shares will become (100,000,000) one hundred million shares instead of (10,000,000) ten million shares, with the company’s commitment to complete the necessary related procedures.

any developments will be announced in due course.