Arab Sea shares fall daily limit for seventh straight session, lose 55% in 3 weeks

Logo of Arab Sea Information System Co. 

Shares of Arab Sea Information System Co.  fell their daily limit at SAR 79.30, today, June 20, the lowest price in a year and a half. 

The stock declined its daily limit for the seventh straight session, losing 55% since the beginning of June 2022. The stock also dropped 62% compared to its highest level of SAR 207.80 in March 2022. 

Nearly 67,000 shares were traded, while orders were placed on around 2.6 million shares.  

Arab Sea is a Saudi joint-stock company founded in 1980, with capital of SAR 100 million, divided into over 10 million shares.  

The company’s shares were listed in the Parallel Market (Nomu) on Feb. 26, 2017, at a price of SAR 11 per share. 

In 2020, the company moved to the main market with the last trading price in Nomu at SAR 25.55 per share. 

The company operates, develops, installs, and maintains computer software and networks. 

The following table shows the company’s key financial indicators: