ZAWYA-NEWS: Al Moammar Information Systems acquires 15% stake in Eltizam insurance platform

MIS
Tadawul All Shares Index

MIS

7200.SA

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Tadawul All Shares Index

TASI.SA

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First published: 18-May-2026 08:07:36

Staff Writer

Saudi-listed Al Moammar Information Systems Company (MIS) has completed the acquisition of a 15% stake in the Eltizam insurance platform in a bid to diversify its business portfolio.

The transaction, first announced in October 2025, values the stake at SAR 19.5 million, implying a total company valuation of SAR 130 million.

MIS' stock price was up 6.9% YTD during the morning session.

(Writing by Ahmad Mousa; editing by Seban Scaria)
Ahmad.mousa@lseg.com

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