Riyadh – Mubasher: Arab Sea Information Systems Company announced the opening of nominations for the election of six members to its board of directors for the upcoming session.

The new term is scheduled to commence on 17 September 2026 and will conclude on 16 September 2029, spanning a total duration of three years.

The nomination period begins on 1 July 2026 and will remain open until 1 August 2026. Interested candidates must submit their applications and required documentation via email to the company's investor relations department.

According to the disclosure, the nomination process and subsequent selection will be conducted in accordance with the Companies Law issued by the Ministry of Commerce and the Corporate Governance Regulations from the Capital Market Authority (CMA).

The company specified that the final election of candidates will take place during a future General Assembly meeting, the date of which will be announced at a later time.

Candidates are required to disclose any potential conflicts of interest, including direct or indirect interests in contracts or businesses competing with the company.

Under the approved policies, board members are prohibited from holding memberships in more than five listed joint-stock companies simultaneously.

As of 31 March 2026, the accumulated losses hit SAR 21.45 million, representing 21.45% of the company’s SAR 100 million of total share capital.