MIS, Abunayyan Group agree to establish equally-owned firm to develop green data centers

07/07/2021 Argaam

Logo of Al Moammar Information Systems Co.

Al Moammar Information Systems Co. (MIS) announced that it has agreed today, Jul 7, to establish an equally-owned company with Abunayyan Holding Group to build and develop green data centers based on renewable energy in Saudi Arabia.

 

The two entities will contribute equally to the new company, which is in line with MIS’ strategy, the firm said in a statement to Tadawul.

 

Any developments in this regard will be announced in due course.

 

In February, MIS signed a non-binding memorandum of understanding with Abunayyan Holding Group to establish a 50:50 joint venture to explore the feasibility of building and developing green data centers.

 

The MoU aimed to integrate both parties’ expertise to provide comprehensive solutions to data centers that entirely depend on clean and sustainable energy.

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