Saudi Arabia .. The “Arab Sea” shares ascends to the highest price in a month

The share of the Arab Information Systems Company listed in the Saudi stock market “Tadawul” by 9.32% during the trading of Sunday’s session, to trade at 5.75 riyals per share, achieving its highest price in a month.

The trading on the Arab Sea of Information Systems Company at that time came through 2.28 million shares with a value of trading 12.75 million riyals.

The highest price for the share was at that time at 5.77 riyals, while the lowest price was at 5.34 riyals per share.

The Arab Information Systems Company for Information Systems is one of the prominent Saudi entities in the field of software and technical solutions, as its foundation dates back to 1980. For more than four decades, the company continued to expand its business and services targeting the governmental and private sectors, with a focus on developing integrated systems that meet the needs of the local and regional market.

The company’s headquarters is located in the capital, Riyadh, and it also runs branches in a number of major Saudi cities such as Jeddah, Dammam, Buraidah, Khamis Mushait and Tabuk, as well as a network of agents in several countries that include the UAE, the Sultanate of Oman, Egypt, Yemen, Libya, Mauritania and India, which enhances its international presence.

Sea Arab Information Systems Logo logo

The “Samak” system is one of the most prominent products of the company, and it is an integrated accounting program that has been developed in the late eighties and is used today in thousands of facilities inside and outside the Kingdom. The company has also developed a group of other systems such as customer relationship management solutions, government procurement management software, and custom accounting systems, as well as providing technical support, consulting and training services.

In a remarkable development, the company signed in mid -July 2025 contracts with the Saudi Press Agency with a value close to 15 million riyals, including the operation and maintenance of the agency computer systems for three years. It is expected that the financial impact of this project will appear starting from this year and will continue until 2028.

The company had faced organizational challenges in August 2023 when the Capital Market Authority rejected a request it submitted to increase its capital due to some observations related to dealing with related parties.

These moves reflect the efforts of the Arabian Sea to enhance its position in the Saudi and regional market as a major provider of technical business solutions, in light of a growing competitive environment and accelerated digital transformations in various sectors.