premargin

Element List	Explanation
Introduction	With reference to the announcement by Al Moammar Information Systems (MIS) dated 02/07/1442H (corresponding to 14/02/2021) regarding entering as a founding shareholder, together with a consortium comprising several commercial entities, to establish a Shariah-compliant digital bank in the Kingdom of Saudi Arabia. Al Moammar Information Systems (MIS) hereby announces the latest developments represented by the Board of Directors’ resolution dated 16/07/1447H (corresponding to 01/05/2026) approving the Company’s participation in the capital increase of Vision Bank from SAR 1.5 billion to SAR 3.0 billion. The amount invested by Al Moammar Information Systems in the capital increase amounts to SAR 23,750,000, based on a pre-money valuation of SAR 3.2 billion prior to the capital increase.
Previous Announcement	Al Moammar Information Systems Co ( MIS) Announces its participation as a founding shareholder with a consortium of several commercial entities to establish a digital bank in Saudi Arabia that is sharia-compliant with Islamic law
Date of Previous Announcement on Saudi Exchange’s Website	2021-02-14 Corresponding to 1442-07-02
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Board of Directors’ resolution dated 16/07/1447H (corresponding to 01/05/2026) approving the Company’s participation in the capital increase of Vision Bank from SAR 1.5 billion to SAR 3.0 billion. The amount invested by Al Moammar Information Systems in the capital increase amounts to SAR 23,750,000, based on a pre-money valuation of SAR 3.2 billion prior to the capital increase
Reasons For The Delay on The Date of The Event Previously Announced	not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	not applicable
Delay consequences on the Company’s financial results	not applicable
Additional Information	It should be noted that the capital increase shall only become effective upon obtaining the approval and endorsement of all relevant official and regulatory authorities. Accordingly, it is not currently possible to determine the precise financial impact or its effective date, as this is contingent upon the completion of the required approvals and regulatory requirements. The Company will announce any developments or updates in this regard in due course.