MIS receives new orders worth SAR 75.2M to boost data center capacity

Al Moammar Information Systems Co. (MIS) received new orders to increase the capacity of data centers at a total value of SAR 75.2 million (including VAT), the company said in a filing to Tadawul.

Further developments will be announced in due course, the company noted. In June, MIS signed a binding memorandum of understanding (MOU) with Saudi Fransi Capital (SFC) to establish a private investment fund to develop, own, and operate data centers across the Kingdom, according to data available with Argaam.