Al Moammar Information Systems Company announced on October 7, 2025, that its Board approved Edarat Communication and Information Technology Company as a partner in National Excellence Data Centers Company, with MIS retaining 60% ownership and Edarat holding 40%. The Board also approved increasing the company's paid-up capital to SAR 1 million and authorized capital to SAR 10 million. Edarat will contribute SAR 400,000 in cash while MIS will cover its SAR 500,000 share from internal resources. Regulatory approvals are expected within one month, with the partnership not affecting MIS's revenues or profits from the Data Center Facilities Management Project with the Data Center Fund.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.