Riyadh – Mubasher: The General Organization for Social Insurance (GOSI) awarded Al Moammar Information Systems Company (MIS) a project contract worth SAR 64.70 million on 21 February 2023.

Under the agreement, MIS will update and enhance the technical infrastructure of GOSI's databases, according to a bourse disclosure.

Meanwhile, the two entities are expected to sign the contract on 21 March 2023.

Last month, the Tadawul-listed firm won a SAR 49.64 million project agreement from the Saudi Board of Grievances in order to offer advisory services and operational work maintenance for three years.

In 2022, MIS logged net profits after Zakat and tax worth SAR 95.86 million, an annual leap of 69.72% from SAR 56.48 million.

Revenues enlarged by 23.61% to SAR 789.62 million in 2022 from SAR 638.82 million in 2021, whereas the earnings per share (EPS) increased to EGP 3.20 from SAR 1.88.