MIS contributes to Vision Bank’s capital hike with SAR 23.8M

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co.’s (MIS) board of directors approved today, Jan. 5, the company’s participation in the capital increase of Vision Bank from SAR 1.5 billion to SAR 3 billion.

In a statement to Tadawul, MIS said that the amount invested in the capital increase amounts to SAR 23.8 million, based on a valuation of SAR 3.2 billion prior to the capital increase.

According to the company, the capital increase shall only become effective upon obtaining the approval and endorsement of all relevant official and regulatory authorities. Accordingly, it is not currently possible to determine the precise financial impact or its effective date, as this is contingent upon the completion of the required approvals and regulatory requirements.

The company will announce any developments or updates in this regard in due course.

Vision Bank is a local digital bank established by a consortium of companies and investors led by Abdulrahman bin Saad Al-Rashed Co., with SAR 1.5 billion in capital. These investors include MIS, which contributed SAR 25 million to the bank’s capital, according to Argaam’s data.

In June 2021, the Cabinet greenlights the Minister of Finance to issue the necessary licenses for Vision Bank to commence its banking operations in the Kingdom.

In September 2025, the Saudi Central Bank (SAMA) announced its non-objection for Vision Bank to launch its digital banking operations in the Kingdom.