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MIS unveils nearly SAR 43m deal with Petro Rabigh

MIS unveils nearly SAR 43m deal with Petro Rabigh
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PETRO RABIGH
2380
0.00% 10.90 0.00
MIS
7200
0.32% 93.60 0.30

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) was awarded a SAR 42.71 million contract with Rabigh Refining and Petrochemical Company (Petro Rabigh) on 22 November 2022.

The deal covers data centre consolidation and tech refresh, according to a bourse disclosure.

MIS is expected to seal the agreement on 22 December 2022.

Earlier this month, MIS announced a project award from Riyadh Region Municipality at a total value of SAR 96.97 million.

It is worth noting that in the first nine months (9M) of 2022, Petro Rabigh recorded a 56.17% plunge in net profit after Zakat and tax to SAR 696 million, compared to SAR 1.58 billion in 9M-21.