MIS signs SAR 50 mln contract to set up secured, reliable communications system

Al Moammar Information Systems Co. (MIS) signed a SAR 50 million contract with a legal entity to set up a highly secured and reliable communications system, the company said in a bourse statement.

The contract has a term of three years while the implementation period is six months.

The financial impact of this contract will be reflected on the company’s financials for Q3 and Q4 2020, the statement said, adding that there are no related parties involved in the deal.