Arab Sea to vote on transferring SAR 16.5M statutory reserve to retained earnings on Dec. 28

Logo of Arab Sea Information System Co.

Arab Sea Information System Co.’s shareholders will vote on transferring the statutory reserve, amounting to SAR 16.5 million as shown in 2022 financials, to retained earnings in an ordinary general meeting (OGM) to be held on Dec. 28.

Shareholders will also vote on amending audit committee, nomination and remuneration committee regulations, as well as board membership policies and bonus policies related to the board, committees, and executive management, according to a statement to Tadawul.