Riyadh — Mubasher: Al Moammar Information Systems Company (MIS) announced the renewal and amendment of a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) at a total value of SAR 419.75 million.
The final approval and signing of the funding agreement took place on 29 July 2026, following an initial financing date of 2 July 2026.
The Islamic financing facility is intended to fund new project contracts and facilitate the issuance of letters of credit and guarantees, according to a bourse disclosure.
Under the terms of the agreement, the financing period extends until 28 July 2027.
To secure the credit facility, MIS provided promissory notes equivalent to the total value of the financing.
The company confirmed that there are no related parties involved in the transaction.
This renewal allows the firm to maintain its operational capacity for upcoming project requirements through the middle of 2027.
