MIS exits Anthropic investment, books SAR 16M gain

17/06/2025 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) sold its entire investment in US-based AI firm Anthropic PBC for SAR 34.99 million ($9.33 million), the company said in a filing on Tadawul.

 

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The investment originally cost SAR 19.05 million ($5.08 million), resulting in a net gain of SAR 15.98 million ($4.26 million). The financial impact will be recorded in the Q2 2025 results.

 

MIS said the sale supports its strategy to reallocate capital toward new investment opportunities.

 

In January 2024, the company allocated SAR 40 million to build a self-funded portfolio focused on global AI firms, according to data from Argaam.

 

That same month, MIS had invested SAR 18.75 million ($5 million) in Anthropic as part of this initiative.

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