Al Moammar Information Systems Co. Announces an update on Al Moammar Information Systems Company announcement the company's signing of a contract with Saudi Fransi Capital (SFC)
| Element List | Explanation |
|---|---|
| Introduction | Al Moammar Information Systems (MIS) would like to announce the latest developments Related to the announcement on 4/7/2021, the singing of contract with Saudi Fransi Capital (proposed private investment fund) where the company (MIS) has received a notice from Saudi Fransi Capital (SFC) on 13-10-2021, confirming the launch of the Saudi Data Centers Fund 1, which is the first private fund of its kind in the Kingdom of Saudi Arabia. creation/launching based on the official approval of the Capital Market Authority to offer the fund.
It is worth noting that the Saudi Data Centers Fund 1 is a private closed-end investment fund compliant with Islamic principles and regulated under the laws of the Capital Market Authority in the Kingdom of Saudi Arabia. The target fund size is SAR 1.5 billion, which will be used to build, own and operate 6 data centers across two available areas with a combined initial capacity of 24 MW. Saudi Fransi Capital is cooperating with Al Moammar Information Systems Company in this unique initiative. Al Moammar Information Systems has been appointed as the design-builder for the design and construction phase, in addition to his continuing responsibilities for facilities management. The company will announce any major future developments in a timely manner... God Bless. |
| Previous Announcement | Al Moammar Information Systems Company announcement the company's signing of a contract with Saudi Fransi Capital (SFC) |
| Date of Previous Announcement on Tadawul's Website | 2021-07-04 Corresponding to 1442-11-24 |
| Percentage of fulfilled achievement | Not Applicable |
| Event's Expected Completion Date | Not Applicable |
| Reasons for Exceeding the Announced End Date | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
| Impact of the Delay on the Company's Financial Results | Not Applicable |
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