You miss to install the latest Microsoft Visual C++ 2010 Redistributable Package. Since ArcSAP is 32-bit (x86) application, please download the Microsoft Visual C++ 2010 Redistributable Package (x86) from the below link and install it.
For Microsoft Visual C++ 2010 Redistributable Package (x86):
http://www.microsoft.com/en-in/download/details.aspx?id=5555
Tags: ArcSAP, Q10061503