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Al Moammar Information Systems Co. Announces the latest developments on Al Moammar Information Systems Company (MIS) announcement on Tadawul website regarding signing a contract with Saudi Fransi Capital (SFC)

MIS 7200 24.38% 170.40 33.40
Element List Explanation
Introduction References to the announcement of Al Moammar Information Systems Company (MIS) on Tadawul website on 1442/11/24 corresponding to 04/07/2021, regarding the signing of a contract with Saudi Fransi Capital(SFC) to develop, design and manage facilities for data centres with Saudi Fransi Capital (SFC) as the manager of the Shariah-compliant Private Investment Fund, which will invest in owning six data centres in Saudi Arabia.

Al Moammar Information Systems (MIS) announces the latest developments, which is the receipt of new orders geared to increase the capacity of two data centres in Dammam at a value of 155,433,822.90 Saudi riyals (including VAT). The latest orders is considered part of the beginning of the second phase of increasing capacity according to the needs and demands of customers. Coinciding with undergoing Phase I implementation activities .

Any substantive developments will be announced in due course.

Previous Announcement Al Moammar Information Systems Company (MIS) announcement on Tadawul website regarding signing a contract with Saudi Fransi Capital (SFC)
Date of Previous Announcement on Saudi Exchange’s Website 2021-07-04 Corresponding to 1442-11-24
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event not applicable
Reasons For The Delay on The Date of The Event Previously Announced not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons. 155,433,822.90 Saudi Riyals (including VAT)
Delay consequences on the Company’s financial results not applicable
Additional Information The financial impact begins in the first quarter until the third quarter of the fiscal year 2024

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