Article details
Al Moammar Information Systems (MIS) has officially renewed and modified its Shariah-compliant credit facility agreement with Al Rajhi Bank, according to a corporate filing on Tadawul. The renewed credit financing is valued at SAR 2 billion and is secured against promissory notes matching the full amount of the facility. The agreement was finalized on August 26, 2026, and will remain valid through August 31, 2027.
This capital injection is aimed at financing the company's ongoing and future operational pipeline, covering both major and minor technology projects across the Kingdom. The company confirmed that the transaction involves no related parties, highlighting standard commercial terms for the financing structure.
For Saudi equity investors, this renewal provides MIS with robust financial flexibility to execute its project backlog without liquidity bottlenecks. Strong institutional banking support from Al Rajhi Bank underscores confidence in the technology provider's creditworthiness and sustained growth path within Saudi Arabia's expanding digital infrastructure market.
