RSAP Approves Server Sale to Major Shareholder Saipa After Auction Fails

Rayan Saipa, which trades as RSAP, disclosed on Saturday, October 24, 2026 that its board approved selling four servers to Saipa Group, its major shareholder, after an auction failed. The filing gives the total transaction price as 640,000 million rials and the equipment's net book value as 7,342 million rials. The projected disposal gain of 632,658 million rials is the company's estimate, not a realised profit.

The company says it will record the financial effects after completing the transfer and the accounting entries. Settlement will be through intercompany accounts; the form puts the deal at 9% of RSAP's prior-year sales revenue. The disclosure carries Codal tracing number 1619236.