Saudi-listed IT company Al Moammar Information Systems (MIS) has obtained a SAR 1.64 billion ($473 million) sharia-compliant loan from Banque Saudi Fransi.

The six-month loan is to pay invoices, project financing and for issuing of letters of credit guarantees.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

imogen.lillywhite@lseg.com