Arab Sea says accumulated losses reach 21.45% of capital

The company attributed the losses mainly to subsidiaries and credit-loss provisions.

Arab Sea Information Systems Co. said its accumulated losses reached SAR 21.45 million, or 21.45% of the SAR 100 million capital, based on financial statements for the period ending March 31, 2026.

 

The company said in a Tadawul filing that its subsidiaries incurred SAR 33.61 million in losses, including incorporation expenses and an impairment provision for intangible assets, in addition to provisions for expected credit losses of SAR 29.03 million.

 

The procedures and instructions applicable to companies listed on the Saudi Exchange whose accumulated losses reach 20% or more of their capital will apply.

 

Arab Sea widened losses to SAR 3.3 million by the end of Q1 2026, compared with SAR 2.2 million in the same period of 2025.

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