Riyadh - Mubasher: Al Moammar Information Systems Company (MIS) signed an agreement with HUMAIN, a Public Investment Fund (PIF) company, on 4 March 2026.
The 12-month deal is valued at more than 155% of the company's revenue for 2024, according to a bourse filing.
MIS will design and build a data center specifically for artificial intelligence technologies.
Meanwhile, the agreement will positively affect the firm’s statement in the second quarter (Q2) of 2026.
HUMAIN invested $3 billion in Elon Musk’s xAI as a part of its Series E round ahead of its acquisition by SpaceX.
The Tadawul-listed company inked a SAR 102.39 million contract with Saudi Tadawul Group Holding Company to provide IT systems services and tech information.
