Al Moammar Information Systems (MIS) announced the signing of a banking facilities agreement with Al-Rajhi Bank, with a financing value of 500 million riyals.
The company said in a statement to the Saudi Market (Tadawul), today, Thursday, that the financing period starts from December 3 and ends on December 31, 2021.
and the company clarified that the guarantees provided in exchange for financing are a bond for an order issued in favor of Al-Rajhi Bank.
and she indicated that the aim of these facilities is to finance the new projects of the company.
MIS profits rose 63.2% at the end of the first nine months of this year, to reach 63.84 million riyals, compared to 39.13 million riyals profits for the same period of 2019.
