MIS renews SAR 340.3M credit facilities with SAB

Al Moammar Information Systems Co. (MIS) renews, amends SAR 340.27 mln Shariah-compliant credit facility with Saudi Awwal Bank (SAB).

The company said in a statement on Tadawul that the final agreement was signed on Aug. 10, 2025, and will run until Aug. 2, 2026. MIS issued a promissory note equal to the facility’s value as collateral for the financing, as the facilities are intended to fund new project contracts and issue letters of credit and guarantees.

The company confirmed that there are no related parties involved.