Arab Sea unable to disclose 2025 financials on time

Logo of Arab Sea Information System Co.

Arab Sea Information System Co. will not disclose its 2025 financial results and the board’s report within the specified deadline expiring today, March 31, as the audit process has not been completed to date.

The delay is attributed to the ongoing assessment of the application of an accounting standard, which required additional time to ensure the interests of the company and its shareholders, according to a Tadawul statement.

The company is working to finalize the financial statements with the external auditor and will publish them immediately upon approval.

The annual results are expected to be released within the prescribed regulatory period of 20 trading sessions, with a maximum deadline of April 30.

Arab Sea’s shares will be suspended from trading as of April 1, in accordance with the applicable listing rules.

The company will announce any subsequent developments regarding the financial disclosure delay and will ensure timely disclosure of any material developments.