MIS sees 50% revenue growth in 2026 on SAR 13B pipeline: CEO

Al Moammar Information Systems Co. (MIS) expects a strong outlook for 2026, supported by a project pipeline and framework agreements under execution exceeding SAR 13 billion, alongside continued spending on digital technology by government and private sector clients, CEO Abdullah Al-Ghamdi told Argaam.

The value of contracts awarded by the end of the fourth quarter of 2025 reached SAR 6.2 billion, up more than 60% from 2024, driven by expansion into a broader customer base, he added.

Al-Ghamdi said the value of awarded and qualified contracts in the first quarter of 2026 exceeded SAR 700 million across MIS’ core businesses, including digital infrastructure, systems solutions, managed services, and cybersecurity.

He noted that Saudi Arabia’s digital market remains promising and continues to expand across both public and private sectors, with new opportunities emerging particularly in traditional and artificial intelligence-driven data centers.

On financial performance, Al-Ghamdi said the year-on-year improvement in fourth-quarter 2025 profit was driven by growth across core segments, including digital infrastructure, systems solutions such as artificial intelligence, data science and the Internet of Things, as well as cybersecurity, direct services, managed services and platform and application monitoring technologies, despite additional provisions of around SAR 40 million.

Revenue growth was supported by multiple segments, notably digital solutions and infrastructure amid rising demand for technology projects, as well as direct professional services and the expanding managed services segment with strategic clients, he added.

Total investments exceeded SAR 270 million by the end of 2024, focused on Edarat Group, the Saudi Data Centers Fund I and Vision Bank. MIS continues to invest in developing subsidiaries in fintech and healthtech, including MISPay (buy now, pay later), MISConnect (open banking) and Medical Technology Solutions Co., in line with its board strategy.

Al-Ghamdi said the financial impact of these investments is expected to begin materializing this year, alongside a contract to build an AI-powered data center valued at more than 155% of the company’s 2024 revenue, with a significant portion set to be completed and reflected in this year’s financials.

He expects revenue to grow by around 50% year-on-year in 2026, with most of the increase driven by data centers, alongside continued growth in other business segments.

MIS is also likely to expand its share in developing new data centers in Saudi Arabia and secure additional contracts in data centers, cloud computing and artificial intelligence, leveraging its specialized capabilities, with the data center division remaining a key revenue driver, he said.

Commenting on MIS’ investment in Vision Bank, Al-Ghamdi said Saudi Arabia’s digital financial services sector is experiencing strong growth, describing the investment as a long-term strategic opportunity as the bank begins operations and diversifies its offerings. The investment is expected to support MIS’ future growth and income diversification.

“We are among the first specialized companies offering integrated solutions for building data centers in the Kingdom. We have invested in developing our capabilities in this field, enabling us to host global and local cloud computing companies,” Al-Ghamdi said, adding that MIS has expanded several data centers with a total capacity of 72 megawatts and is finalizing the first phase with a capacity of 24 megawatts.

According to Argaam data, MIS’ net profit declined to SAR 96 million in 2025, from SAR 122 million in 2024, while fourth-quarter profit stood at SAR 4.8 million.