MIS signs SAR 54 mln contract with Absal Paul

Logo of Al Moammar Information Systems Co. (MIS) 

Al Moammar Information Systems Company (MIS) signed today, Oct. 18, a contract worth SAR 54.3 million with Absal Paul Co. to implement the infrastructure technology works, supply, and installations of networks and data center for one of its clients in King Abdullah Financial District, according to a statement to Tadawul. 

The contract value is inclusive of value added tax, the company noted, adding that the contract duration is six months.

MIS indicated that the positive financial impact of the project will be reflected starting from the fourth quarter of 2022. It noted that there are no related parties.