MIS receives new orders worth SAR 75.2M to boost data center capacity

28/05/2024 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) received new orders to increase the capacity of data centers at a total value of SAR 75.2 million (including VAT), the company said in a filing to Tadawul.

 

Further developments will be announced in due course, the company noted. In June, MIS signed a binding memorandum of understanding (MOU) with Saudi Fransi Capital (SFC) to establish a private investment fund to develop, own, and operate data centers across the Kingdom, according to data available with Argaam.

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