MIS signs SAR 125.4M contract with Bank Albilad

05/02/2024 Argaam

MIS signs SAR 125.4M contract with Bank Albilad

Logo of Al Moammar Information Systems (MIS)

Al Moammar Information Systems Co. (MIS) signed a SAR 125.35 million contract (VAT inclusive) with Bank Albilad to equip the latter’s data center project, the company said in a statement to Tadawul today, Feb. 5.

 

The five-year contract entails equipping Bank Albilad’s data center with servers, switches, storage capacities, archiving, backup, network security, and data migration from the old data center to the new one (Active & Passive & Migration), MIS said.

 

The related financial impact is likely to be reflected in MIS results in Q1 2024. There are no related parties, it further stated.

 

MIS was awarded the contract in December 2023, data available toArgaam showed.

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