| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Al Moammar Information Systems Company (MIS) dated 02/07/1442H, corresponding to 14/02/2021G, and the announcement of the latest developments dated 16/07/1447H, corresponding to 05/01/2026G, regarding its participation as a founding shareholder, together with a consortium comprising several commercial entities, in the establishment of a Shariah-compliant digital bank in the Kingdom of Saudi Arabia. Al Moammar Information Systems Company (MIS) announces the latest developments relating to its investment in Vision Bank (the Digital Bank), where on 28 January 2026G, corresponding to 09 Sha’ban 1447H, a subscription agreement for a capital increase of Vision Bank was jointly executed. This investment forms part of the process to increase the capital of Vision Bank from SAR 1.5 billion to SAR 3.0 billion. The value of the subscription to be made by Al Moammar Information Systems Company amounts to SAR 23,750,000 (twenty-three million seven hundred and fifty thousand Saudi Riyals), based on a pre-money valuation of Vision Bank of SAR 3.2 billion. |
| 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 | 2026-01-05 Corresponding to 1447-07-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | on 28 January 2026G, corresponding to 09 Sha’ban 1447H, a subscription agreement for a capital increase of Vision Bank was jointly executed. This investment forms part of the process to increase the capital of Vision Bank from SAR 1.5 billion to SAR 3.0 billion. The value of the subscription to be made by Al Moammar Information Systems Company amounts to SAR 23,750,000 (twenty-three million seven hundred and fifty thousand Saudi Riyals), based on a pre-money valuation of Vision Bank of SAR 3.2 billion. |
| 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 | The Company will announce any developments or updates in this regard in due course. |
