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 information systems provider, according to a statement to the Saudi Stock Exchange (Tadawul).

Opening this branch is part of the firm’s expansion plan into the GCC and international markets.

The transaction’s financial impact will reflect on the company's revenues in 2018.

 By 10:26 am KSA time, Arab Sea Information System’s stock declined 3.77% to SAR 12.50.