On July 22, 2026, Al Moammar Information Systems Company (MIS) announced the signing of a Memorandum of Understanding (dated July 21, 2026) with Saudi Fransi Capital, acting on behalf of Saudi Data Center Fund 1, to study and evaluate the development of three additional data centers with an estimated aggregate capacity of approximately 48 MW across Riyadh, Dammam, and Jeddah. Under the framework, MIS will serve as the developer, designer, and EPC contractor for the facilities, and will also provide ongoing asset and facilities management services. The MOU is valid for 90 days from the signing date, extendable by mutual written agreement, with no immediate financial impact reported.

Original announcement:

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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.