Al Moammar Information Systems Co. — Capital/Financing Update 2021

Dec 26, 2021

Al Moammar Information Systems Company (MIS) announces the latest developments for the company’s signing of a Memorandum of Understanding with Al Rajhi Capital, with the aim of launching a special investment fund (compliant with the provisions of Islamic Sharia) in the amount of one billion Saudi Riyals as a first phase, with the aim of financing Technology and digital infrastructure.

7200 · 26/12/2021 15:30:04 · Announcement #66079 · View on Saudi Exchange

Al Moammar Information Systems Company (MIS) announces the latest developments for the company’s signing of a Memorandum of Understanding with Al Rajhi Capital, with the aim of launching a special investment fund (compliant with the provisions of Islamic Sharia) in the amount of one billion Saudi Riyals as a first phase, with the aim of financing Technology and digital infrastructure.

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Explanation

Introduction

Referring to the announcement of Al-Moammar information systems (MIS) on (Tadawul) website on 22/01/1443 ah corresponding to 30/08/2021ad, where the company announced the signing of a memorandum of understanding with al Rajhi capital, with the aim of launching a special investment fund (compliant). With the provisions of Islamic sharia) with an amount of one billion riyals as a first stage with the aim of financing digital and technical infrastructure projects and medical equipment.

The company (MIS) announces the latest developments of the memorandum of understanding, where the two parties agreed to move forward in obtaining approvals and licenses and take the necessary steps to launch a private investment fund (compliant with the provisions of Islamic sharia) amounting to one billion riyals as a first stage with the aim of financing digital and technical infrastructure projects and medical equipment.

Under this memorandum, Al Moammar information systems (MIS) will be the marketer, supplier, executor, and exclusive operator of the fund's projects. The fund provides various financing methods that suit clients' requirements, such as long-term leasing, construction, operation, transfer, payment for use, and partnership programs between the public sector, private sector, and other financing structures.

Al Moammar information systems company will announce any substantial developments.

God grants success Previous Announcement Al Moammar information systems company (MIS) announces the latest developments for the company’s announcement of al Moammar information systems company (MIS) announcing on the (Tadawul) website that it has signed a memorandum of understanding with al Rajhi capital, with the aim of launching a special investment fund (compliant with the provisions of Islamic sharia) in the amount of one billion SAR as a first stage with the aim of financing digital and technical infrastructure projects and medical equipment. Date of Previous Announcement on Tadawul's Website 2021-08-30 Corresponding to 1443-01-22 Percentage of fulfilled achievement Not Applicable Event's Expected Completion Date Not Applicable Reasons for Exceeding the Announced End Date Not Applicable The costs associated with the event, and if they have changed or not with indication of the reasons. Not Applicable Impact of the Delay on the Company's Financial Results Not Applicable Additional Information Not Applicable

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