Shares of Al Moammar hit all-time high, surge 230% in 10 months

Shares of Al Moammar Information Systems Co. (MIS) today, Jan. 26, 2021, hit their highest price at SAR 105.40 since debut.

The share closed today's session 4% higher at SAR 103.40, with a traded volume of 1.6 million shares.

Accordingly, the stock soared more than 230% since March 2020 and more than 187% compared to its listing price at SAR 36 (the listing price was amended to SAR 45 after increasing capital through bonus share distribution).

Established in 1979, MIS was incorporated in Riyadh under the name “Muhammad Al Moammar & Partners Co.” and was converted into a closed joint stock company in 2008, under the name "Al Moammar Information Systems Co. (MIS)".

MIS is a comprehensive provider of integrated information and communications technology (ICT) solutions and services, including consultancy and development, technical consultancy, supply, implementation, project and program management, support, and maintenance. It also provides network and information systems, as well as information center, information security, cybersecurity, service management, and geographic survey systems, as well as software solutions.

MIS, listed on the Saudi Stock Exchange (Tadawul) on April 24, 2019, currently has a capital of SAR 200 million.