MIS board approves subsidiary's capital hike

25/12/2024 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co.’s (MIS) board approved increasing the capital of its subsidiary, Excellence Solution for Information Technology Co. (MISPay), to SAR 65 million from SAR 10 million.

 

The capital hike will be financed internally to support MISPay’s growth and expansion, the company said in a statement to Tadawul.

 

For more news on listed companies

 

The increase remains subject to regulatory approvals, it added.

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