| Introduction | Al Moammar Information Systems Company (MIS) announces the signing of a Memorandum of Understanding with Saudi Fransi Capital, acting on behalf of the Saudi Data Center Fund 1 (the "Fund"), for the purpose of studying and evaluating the development by the Fund of three (3) additional data centers with an estimated aggregate capacity of approximately 48 MW. |
| Memorandum Signing Date | 2026-07-21 Corresponding to 1448-02-07 |
| Counterparty | BSF Capital for and on behalf of Saudi Data Centre Fund 1 (the ‘Fund’) |
| Memorandum Subject | The purpose of this Memorandum of Understanding is to establish a framework for cooperation between the Parties, pursuant to which the Fund will develop three (3) additional data centers with an estimated aggregate capacity of approximately 48 MW across three (3) locations in Riyadh, Dammam, and Jeddah, with Al Moammar Information Systems Company (MIS) acting as the developer, designer, and EPC contractor for such capacity, in addition to providing the ongoing asset and facilities management services for the data centers. |
| Memorandum Duration | Ninety (90) days from the date of signing, extendable by mutual written agreement of the parties. |
| Related Parties | None |
| Financial Impact | None |
