MIS signs contract with KACST for infrastructure, equipment licenses

Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) signed, on June 30, a contract with King Abdulaziz City for Science and Technology (KACST) to undertake infrastructure and equipment licenses, according to a bourse filing.

The contract will have a positive financial impact on the company starting from Q2 2022 until Q2 2024. There are no related parties.

In March, MIS bagged a SAR 21.87 million, inclusive of value-added tax (VAT), contract from KACST to undertake infrastructure and hardware licenses. The contract is 36 months from the date of receiving the site.