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 Saudi market on the total revenues of the company, according to a bourse filing on Wednesday.

The stock added 0.55% to SAR 18.16 on Wednesday.