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Saudi IT Group MIS Renews Bank Facility with Saudi Awwal Bank

MT Newswires·07/29/2026 09:52:45
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09:52 AM EDT, 07/29/2026 (MT Newswires) -- Al Moammar Information Systems (SASE:7200), d/b/a MIS, said Wednesday it renewed and amended its Sharia-compliant bank facility with Saudi Awwal Bank. The new 419.8 million-Saudi-riyal facility, valid until July 28, 2027, will be used by the information technology company to finance new project contracts and issue letters of credit and guarantees.