MIS renews SAR 340.3M credit facilities with SAB

11/08/2025 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) amended and renewed the SAR 340.27 million Shariah-compliant credit facility with Saudi Awwal Bank (SAB).

 

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The company said in a statement on Tadawul that the final agreement was signed on Aug. 10, 2025, and will run until Aug. 2, 2026.

 

MIS issued a promissory note equal to the facility’s value as collateral. The funds are intended for new project contracts and issue letters of credit and guarantees.

 

The company confirmed that there are no related parties involved.

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