MIS Completes SAR 19.5M Eltizam Insurance Acquisition

MIS

7200.SA

0.00

Al Moammar Information Systems Co. announced on May 17, 2026 an update regarding the completion of its previously approved acquisition of a 15% stake in "Eltizam" insurance platform for SAR 19,500,000. The company has successfully completed all closing requirements and obtained approval from the Insurance Authority and relevant regulatory authorities. The regulatory procedures were finalized on May 14, 2026, following the initial Board of Directors' approval announced on October 29, 2025.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95443&anCat=1&cs=7200&locale=ar

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