MIS signs final agreement with Al Rajhi Cap on investment fund

14/06/2022 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)  

Al Moammar Information Systems Co. (MIS) signed a final agreement with Al Rajhi Capital to launch a special Shariah-compliant investment fund worth SAR 1 billion, the company said in a bourse filing.

 

MIS will exclusively market and implement all projects owned and financed by the investment fund, which targets digital and technical infrastructure projects and medical equipment.

 

The company expected the relevant measures required for the fund launch to be finalized in the second half of 2022.

 

In August 2021, MIS signed a memorandum of understanding (MoU) with Al Rajhi Capital to launch a special Shariah-compliant investment fund worth SAR 1 billion, Argaam reported.

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