Arab Sea Information Systems Company announces the latest developments for the approval of its Board of Directors to raise the capital of one of its subsidiaries
Arab Sea Information Systems
Media Center July 6, 2023
Arab Sea Information Systems Company announces the latest developments for the approval of its Board of Directors to raise the capital of one of its subsidiaries
Element ListExplanation
Introduction Arab Sea Information Systems Company announces the receipt of its subsidiary (Arab Sea Financial) the Central Bank of Saudi Arabia’s letter No. (44093150) dated 16/12/1444, which includes the Central Bank’s no-objection regarding the increase of the company’s capital from five million Saudi Riyals to fifteen million Saudi Riyals
Previous Announcement Arab Sea Information Systems Company announces the approval of its Board of Directors by circulation to raise the capital of one of its subsidiaries
Date of Previous Announcement on Tadawul’s Website 2023-06-05 Corresponding to 1444-11-16
Percentage of fulfilled achievement do not apply
Event’s Expected Completion Date Upon completion of completing the requirements from the relevant authorities
Reasons for Exceeding the Announced End Date do not apply
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
Impact of the Delay on the Company’s Financial Results do not apply