MIS renews, amends SAR 419.8M facility agreement with SAB

29/07/2026 Argaam
Logo of Al Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) announced the renewal and amendment of a Shariah-compliant credit facilities agreement with Saudi Awwal Bank (SAB), with a value of SAR 419.75 million, according to a statement to Tadawul.

 

The financing period extends until July 28, 2027, as the agreement is secured by a promissory note, MIS stated.

 

The agreement is aimed at financing new projects and issuing letters of credit and guarantee. There are no related parties involved.

 

MIS obtained the financing on July 2 and signed the agreement on July 29, 2026.

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