Saudi: MIS extends $120mln facility deal with Gulf International Bank

The financing was obtained on August 14, 2025 and will remain valid until April 27, 2026

Staff Writer, Mubasher

August 21, 2025

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Riyadh - Al Moammar Information Systems Company (MIS) has renewed and amended its Sharia-compliant banking facility with Gulf International Bank, valued at SAR 450 million.

The financing was obtained on 14 August 2025 and will remain valid until 27 April 2026, according to a bourse disclosure.

Meanwhile, the loan is secured by a promissory note covering the total limit and will be used to finance new project contracts as well as issue letters of credit and guarantees.

In July, MIS was awarded a SAR 86.67 million project contract by the Education and Training Evaluation Commission (ETEC).

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