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

Feb 21, 2021

Al-Moammar Information Systems Company (MIS) announces the signing of an agreement with InTouch Health Company

7200 · 21/02/2021 15:21:48 · Announcement #61974 · View on Saudi Exchange

Al-Moammar Information Systems Company (MIS) announces the signing of an agreement with InTouch Health Company

Element List

Explanation

Announcement Detail

Al-Moammar Information Systems Company (MIS) announces the signing of an agreement with "InTouch Health company" (Par of Teladoc Health) a global leader in communication medicine technologies used by the world's largest health service providers. The agreement was signed on 21-3-2021. The purpose of the agreement is to establish virtual clinics through the creation of a digital system using cloud technology, with the aim of providing virtual health and medical services inside and outside the Kingdom. The service is expected to be launched during the third quarter of 2021.

The company would like to note that the financial impact and effective date cannot be determined until after the completion of the necessary approvals and requirements from the relevant official authorities as there are no related parties involved in this agreement. Any substantial developments regarding this agreement will be announced in a timely fashion.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.