Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) won a SAR 38.74 million project contract to implement the local and national integration platform with the Saudi Data & AI Authority (SDAIA).
MIS was awarded the deal on 24 June 2024 and is expected to sign the agreement on 24 July, according to a bourse filing.
Edarat Communication and Information Technology Company, a subsidiary of MIS, rolled out a project award at an amount of SAR 125.77 million.
In the three-month period that ended on 31 March 2024, MIS logged 56.94% higher net profits at SAR 73.09 million, compared to SAR 46.57 million a year earlier.
Revenues dropped by 23.76% to SAR 333.51 million in the first quarter (Q1) of 2024 from SAR 437.48 million in Q1-23, while the earnings per share (EPS) increased to SAR 2.44 from SAR 1.55.
