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Arab Sea posts Q3 profit
Arab Sea Information Systems Company returned to profitability in the third quarter of 2026, posting a net profit of SAR 1.62 million, compared with a loss of SAR 2.19 million in the same period a year earlier. The company attributed the improvement mainly to a 36% reduction in general and administrative expenses and the reversal of SAR 6 million in impairment losses on intangible assets. The return to profit came despite an 8.13% decline in sales to SAR 12.08 million and a 51.87% drop in gross profit, while net profit was broadly unchanged from the previous quarter.
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