Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) penned a Shariah-compliant banking facility agreement valued at SAR 1.81 billion with Arab National Bank (ANB) on 26 January.
The loan, which is valid until 31 July 2026, will finance new project contracts and issuance of letters of credit and guarantee, according to a bourse disclosure.
It is secured by promissory notes to the amount of total facilities limit.
In a separate bourse filing, the company’s board agreed to acquire a 15% stake in the insurance platform Eltizam, with a total value of SAR 19.50 million.
MIS will announce any developments or updates in this regard in due course.
