Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) won a SAR 96.36 million project contract for the Public Investment Fund (PIF) on 16 April 2023, according to a bourse disclosure.
MIS will be responsible for the supply and integration of the audio, visual, digital signage, and smart services solutions for PIF.
The project will be carried out in 13 months from the signing date, which is expected to be on 16 May 2023.
Last March, the Saudi firm obtained two loans valued at SAR 758.83 million from Al Rajhi Bank and the Saudi British Bank (SABB).
In January-December 2022, MIS generated net profits after Zakat and tax worth SAR 95.86 million, an annual surge of 69.72% from SAR 56.48 million.
Revenues increased by 23.61% to SAR 789.62 million last year from SAR 638.82 million in 2021, while the earnings per share (EPS) went up to SAR 3.20 from SAR 1.88.
