Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) has renewed and amended its Sharia-compliant banking facility with Gulf International Bank, valued at SAR 450 million.
The financing was obtained on 14 August 2025 and will remain valid until 27 April 2026, according to a bourse disclosure.
Meanwhile, the loan is secured by a promissory note covering the total limit and will be used to finance new project contracts as well as issue letters of credit and guarantees.
In July, MIS was awarded a SAR 86.67 million project contract by the Education and Training Evaluation Commission (ETEC).
