The company was established at the end of 1999 under the name Art New media S.A. and was engaged in art trade. In 2008, the company made its debut in the Alternative Trading System on the NewConnect market, becoming a listed company.
At the end of 2016, Mr. Bilal A. Noor became the main shareholder and CEO, after which he restructured the company and changed its business profile. At the end of 2017, the company decided to change its name to Ark Royal SA. Mr Bilal A. Noor resigned on August of 2019. when he sold the main ownership.
After the acquisition Mr Lóránt Tókos appointed to the Chairman of The Board. The aim of the new management is to reposition the company and build up as an IT service provider and information technology consultancy company. The planned main business lines are artifitial intelligence, hardware and software developments.