ZAWYA-PROJECTS: Saudi-listed MIS to use $483mln credit facility to fund new projects

About this update from Al Moammar Information Systems Company

First published: 28-Jan-2026 13:00:23Staff WriterSaudi-listed Al Moammar Information Systems Co. (MIS) has renewed a Shariah-compliant credit facility valued at 1.81 billion Saudi riyals ($482.67 million) to fund its new project contracts.The credit facility was renewed with Arab National Bank, the company said in a statement to the Saudi stock exchange.The facility, secured by promissory notes, will also be used to issue letters of credit and guarantees.In December 2025, MIS won a project to design and build a dedicated artificial intelligence (AI) -focussed private data centre for PIF-owned HUMAIN with an estimated cost of $500 million [estimated at 155 percent of 2024 revenue of SAR 1.88 billion]In the previous month, MIS received Development Commencement Notice from Saudi Data Centres Fund 1 to expand the capacity of existing data centres, starting with 72 megawatts (MW) out of a total of 112 MW, at a projected cost of $800 million.(Writing by P Deol; Editing by Anoop Menon)([email protected]) Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

View stock analysis, news, and events for Al Moammar Information Systems Company