Arab Sea Information System Co. — Capital/Financing Update 2021

Jun 10, 2021

Arab Sea Information System Co. Announces an update on related to establish Arab Sea Financial Company specialized in E- payments

7201 · 10/06/2021 16:19:37 · Announcement #63734 · View on Saudi Exchange

Arab Sea Information System Co. Announces an update on related to establish Arab Sea Financial Company specialized in E- payments

Element List	Explanation
Introduction	MINISTRY OF COMMERCE has approved the establishing of ARAB SEA FINANCIAL COMPANY(a closed joint stock company, one person) decision No. (360) 25/10/1442 H
Previous Announcement	approval Board of Directors of the Arab Sea Information Systems Company to start establishing a company specialized in E- payments
Date of Previous Announcement on Tadawul's Website	2020-09-20 Corresponding to 1442-02-03
Percentage of fulfilled achievement	core requirements have been completed
Event's Expected Completion Date	During the current year 2021
The costs associated with the event, and if they have changed or not with indication of the reasons.	There are no costs associated with the event during the current period, and the financial impact will be announced later, if any

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