Al Moammar’s capital hike to boost financial position, support expansions: CEO

Ziad Mortaja, CEO of Al Moammar Information Systems Co.

Al Moammar Information Systems Co. (MIS) aims to enhance its financial position and support expansion plans through the planned capital increase, CEO Ziad Mortaja told Argaam in a telephone interview.

The medical field has many growth opportunities, backed by digital transformation and the significant change in medical technologies will provide advanced solutions for medical services providers in the public and private sectors, he stated.

MIS will seize various opportunities through forming direct partnerships with other medical services providers, the CEO said, pointing to the memorandum of understanding signed with King Saud University Health Co.

Moreover, the company eyes investment returns and strategic relationships with a digital bank, which will enable to provide various solutions and services in the fintech sector for retail and corporate clients, Mortaja concluded.

The Capital Market Authority (CMA) recently approved MIS’ request to raise capital to SAR 250 million from SAR 200 million through the issuance of one bonus share for every four shares held, Argaam reported.