Al Moammar Information Systems Co. Announces Obtaining a Bank Facility in Compliant with Islamic Sharia

MISTadawulJuly 29, 2026View on exchange

AI Summary

Al Moammar Information Systems Co. (MIS) renewed and amended a Sharia-compliant bank facility with Saudi Awwal Bank totaling SAR 419,753,634.
The facility agreement was signed on July 29, 2026, and is valid until July 28, 2027.
The funding is intended to finance new project contracts and the issuance of letters of credit and guarantee.
The facility is secured by promissory notes covering the total limit of the financing.

Element List	Explanation
Introduction	Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with Saudi Awwal Bank as follow:
Date of obtaining the funding	2026-07-02 Corresponding to 1448-01-17
Financing entity	Saudi Awwal Bank
Financing amount.	SAR 419,753,634.00
Financing duration.	valid till July 28, 2027
Guarantees offered for the financing	Facility agreement secured by Promissory notes to the amount of total facilities limit
Financing objective	Financing new project contracts and issuance of letters of credit & guarantee
Related Parties	Not Applicable
Additional Information	The facility agreement was approved and signed on 15/02/1448H Corresponding to 29/07/2026G