Arab Sea Information System Co (7201)

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News

6 June 2024 03:33 PM Arab Sea announces SAR 59m purchase deal

Riyadh – Mubasher: Arab Sea Information Systems Company has purchased an office tower from Mohammed Saleh Al Suhaibani at a value of SAR 59 million, according to a bourse filing. The company entered into the agreement on 4 June 2024 to make the …

Companies Investments

2 January 2024 00:46 PM Arab Sea rolls out SAR 15m agreement

Riyadh – Mubasher: Arab Sea Information Systems Company inked a SAR 14.92 million agreement with King Abdulaziz University on 31 December 2023, according to a bourse filing. The listed company will manage services to operate the university’s …

Companies Investments

19 September 2023 00:33 PM Arab Sea appoints Chairman, Vice Chairman

Riyadh – Mubasher: Arab Sea Information Systems Company announced on 18 September the appointment of Mohammed Saleh Al Suhaibani as the Chairman of the board. The company also decided to name Ahmed Suleman Al Jasser as the Vice Chairman, according …

Corporate Actions

4 September 2022 04:44 PM Arab Sea to buy asset owned by Chairman

Riyadh – Mubasher: Arab Sea Information System Company announced signing a sale and purchase agreement to fully acquire a real estate asset worth SAR 52.50 million owned by the board’s Chairman, Mohammed bin Saleh Al Suhaibani. This will be done …

Real estate

10 March 2022 04:51 PM Arab Sea turns to profits exceeding SAR 21m in 2021

Riyadh – Mubasher: Arab Sea Information System Company has turned to net profits after Zakat and tax worth SAR 21.54 million last year, against net losses worth SAR 15.83 million in 2020. The company’s revenues soared by 138.15 % to SAR 57.45 …

Financial Results

9 February 2022 06:17 PM Arab Sea sets up cloud computing subsidiary

Riyadh – Mubasher: Arab Sea Information Systems Company has completed the establishment and the issuance of the commercial register for its subsidiary Era Data Information Technology. The limited liability company will be wholly owned by Arab Sea …

Companies Investments

25 August 2021 10:03 AM Arab Sea inks cooperation deal with Zakat authority

Riyadh – Mubasher: Arab Sea Information Systems Company has signed a cooperation agreement with Zakat, Tax, and Customs Authority on Tuesday, 24 August. The listed company will provide technical solutions and accounting systems for issuing …

Companies Investments

16 August 2021 00:25 PM Arab Sea turns profitable at SAR 9m in H1-21

Riyadh – Mubasher: Arab Sea Information System Company turned to net profits after Zakat and tax worth SAR 9.02 million in the first half (H1) of 2021, against losses worth SAR 3.58 million H1-20. Earnings per share amounted to SAR 0.9 in H1-21, …

Financial Results

13 June 2021 04:24 PM Arab Sea receives ministerial nod for setting up new firm

Riyadh – Mubasher: Arab Sea Information System Company has received the Ministry of Commerce’s approval to establish Arab Sea Financial Company, according to a bourse filing on Sunday. Last March, the listed firm obtained an initial approval for …

Management Decisions

15 March 2021 11:23 AM Arab Sea gets initial approval for e-payments subsidiary

Riyadh – Mubasher: Arab Sea Information System Company has obtained an initial approval for its plan to establish an electronic payments (e-payments) company, the company disclosed to the Saudi Stock Exchange (Tadawul) on Monday. The statement …

Banking and Finance

25 August 2020 08:56 AM Arab Sea reports quarterly losses

Riyadh – Mubasher: Arab Sea Information System Company incurred SAR 1.86 million worth of losses during the second quarter (Q2) of 2020, against profits of SAR 3 million in the year-ago period, as shown in the firm's interim financials. The move …

Financial Results

7 May 2020 02:33 PM Arab Sea turns to losses in Q1

Riyadh – Mubasher: Arab Sea Information System Company reported SAR 1.73 million in net losses during the first quarter (Q1) of 2020, versus a net profit of SAR 127,838 for the same period in 2019. The company’s revenues declined during the …

Financial Results

14 April 2020 04:10 PM Arab Sea to move to main market tomorrow – Tadawul

Riyadh – Mubasher: Trading the shares of Arab Sea Information System will be moved from the parallel market to the main market as of Wednesday, 15 April 2020, the Saudi Stock Exchange (Tadawul) announced. The stock will maintain the 7201 symbol, …

Trading Activities

17 March 2020 06:18 PM Arab Sea turns profitable in 2019; requests moving to Tadawul

Riyadh – Mubasher: Arab Sea Information System Company reported SAR 24.15 million in net profit after zakat and tax for last year, versus losses of SAR 20.34 million for 2018. This was despite a 5.4% decline in revenues to SAR 38.7 million, …

Trading Activities

31 October 2019 08:51 PM Arab Sea’s profit drops 60% YoY in Q3-19

Riyadh – Mubasher: Arab Sea Information System Company reported a 60.15% year-on-year profit decline during the third quarter of the fiscal year 2019. Net profits after zakat and tax stood at SAR 446,686 in Q3-19, compared to SAR 1.12 million in …

Financial Results

10 June 2019 00:10 PM Arab Sea Q1 profit falls 86%

Riyadh – Mubasher: Arab Sea Information System Company reported an 85.84% year-on-year decline in its profits for the first quarter of 2019. Net profits after zakat and tax stood at SAR 127,838 in Q1-19, compared to SAR 902,939 in Q1-18, according …

Financial Results

16 August 2018 10:26 AM Arab Sea logs SAR 1m profit in Q2

Riyadh – Mubasher: Saudi Arabia-based Arab Sea Information System Co on Thursday reported a 28.3% year-on-year increase in net profits for the second quarter of 2018. The firm posted a net profit of SAR 1.01 million during Q2-18, up from SAR …

Financial Results

27 December 2017 10:43 AM Saudi Arab Sea opens new branch in Abu Dhabi

Riyadh – Mubasher: Saudi Arabia-based Arab Sea Information System Co on Wednesday inaugurated a branch in Abu Dhabi in the UAE. Located in Tourist Club Street with an area of 160 square metres, the branch is the sixth for the IT solutions and …

Corporate Actions

25 December 2017 10:53 AM Arab Sea, Saudi SMEA ink technical solutions MoU

Riyadh – Mubasher: Arab Sea Information System Co has signed a memorandum of understanding (MoU) with the Small and Medium Enterprises Authority (SMEA) on Sunday to benefit from the services and technical solutions provided by the company. The …

Companies Investments

9 May 2017 11:28 AM Arab Sea turns to profits in Q1

Riyadh – Mubasher: Arab Sea Information System turned to profits in the first quarter of 2017. The company achieved net profits of SAR 667,100 in Q1-17 against losses of SAR 725,570 in the same period in 2016. Arab Sea reasoned turning to profits …

Financial Results

29 March 2017 05:19 PM Arab Sea posts SAR 5m profits in 2016

Riyadh – Mubasher: Arab Sea Information Systems’ profits fell 9.41% to SAR 5.36 million ($1.4 million) in 2016 from SAR 5.9 million ($1.57 million) in 2015. The company attributed the decrease in profits to the impact of some main sectors in the …

Financial Results

27 February 2017 01:06 PM Nomu to raise SMEs contribution to 35% of GDP – Al Rajhi Capital

Riyadh – Mubasher: Al Rajhi Capital said that launching Nomu supports the Vision 2030 objectives which raise the contribution of small- and medium-sized enterprises (SME) from 20% to 35% of the GDP. On 26 February, the Saudi Stock Exchange …

Trading Activities

26 February 2017 00:40 PM Nomu-Parallel Market rises on launching session

Riyadh - Mubasher: In its first trading session, the Nomu-Parallel Market saw a group rise on Sunday, with some stocks reaching the maximum allowed limit that has been set at 20%. Arab Sea Information System, and Devlopment Works surged 20%, while …

Trading Activities