Al Moammar Information Systems Co. (MIS) has renewed and amended a SAR 550 million Shariah-compliant credit facility with Saudi National Bank (SNB). The financing, secured by a promissory note, will support new project contracts and issuance of letters of credit and guarantees. The agreement extends until February 28, 2027, with no related-party transactions involved. This move strengthens MIS's liquidity and operational capacity, potentially boosting investor confidence in its growth strategy.
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