Arab Sea Information Systems Company announced on May 14, 2026 that its accumulated losses have reached 21.45% of its SAR 100,000,000 capital, totaling SAR 21,454,987 based on annual financial statements for the period ending March 31, 2026. The losses primarily stem from subsidiary company losses of SAR 33,610,100, including establishment expenses and intangible asset impairment provisions, plus credit loss impairment provisions of SAR 29,027,963. As a result, the company will be subject to procedures and instructions applicable to Saudi Capital Market listed companies whose accumulated losses reach 20% or more of their capital.

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