Logo of Al Moammar Information Systems Co.
Al Moammar Information Systems Co. (MIS) signed on Nov. 10 an agreement to renew and amend a Shariah-compliant facility worth SAR 150 million with Gulf International Bank (GIB) -Saudi Arabia.
The facility, which is secured by a promissory note for the full amount, expires on June 27, 2023, MIS said in a statement to Tadawul.
The facilities will be used to finance new projects and issue letters of credit and guarantee.
The deal does not have any related parties, the statement added.
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