Logo of Al Moammar Information Systems
Al Moammar Information Systems Co. (MIS) renewed and amended, on Dec. 9, a SAR 220 million bank Shariah-compliant facility agreement with Arab National Bank (ANB), the company said in a bourse statement.
The financing period is valid until July 31, 2022, and the amount is guaranteed by a promissory note.
The credit is intended to finance new project contracts and issue bank guarantees, the statement added.
The related party includes a sub-allocation facility line available for MIS’ 100%-owned company Excellence Medical Co.
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