MIS sets up new wholly-owned subsidiary to operate in fintech, e-markets

28/09/2021 Argaam

Logo of: Al Moammar Information Systems Co.

Al Moammar Information Systems Co.’s (MIS) board of directors approved today, Sept. 28, establishing a new 100%-owned subsidiary in Riyadh.

 

The new entity will specialize in developing and providing solutions and services in financial technology (FinTech) and e-markets, MIS said in a statement to Tadawul.

 

The new entity was incorporated after obtaining the required regulatory approvals and licenses from the relevant authorities.

 

The move comes in line with the company's strategy, MIS noted, adding that any relevant developments will be announced in due course.

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