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Arab Sea turns profitable in 2019; requests moving to Tadawul

Arab Sea turns profitable in 2019; requests moving to Tadawul
Arab Sea filed for moving from the parallel market to the main market
ARAB SEA
7201
52.82% 7.87 2.72

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, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

Furthermore, the company has filed on Tuesday a request to move from the Nomu-Parallel Market to the Tadawul main market.