Saudi Arabia .. Al -Muammar contributed to 0.13% after the company’s awarding on the company

Al -Muammar Company for Information Systems Holding Company “MIS” listed in the Saudi stock market “Tadawul” increased by 0.13% at the start of Saudi market transactions today, Thursday, to trade at the price of 154.40 riyals per share, after awarding a project on the company.

The trading on the share of Al -Muammar Information Systems Company “MIS” at that time at 50.88 thousand shares with a value of trading 7.9 million riyals.

The highest price for the share at that time was at 157 riyals per share during the session, while the lowest price per share was at 154.20 riyals per share.

The increase in the stock price came after the Al -Muammar Information Systems Company announced “MIS” that it won the project of expansion of the purity data center in cooperation with the Saudi Commission for Data and Artificial Intelligence “Sayya”, which has a total value of 227.8 million riyals, including value -added tax.

The company explained that the contract includes the expansion of a purity data center in Riyadh, which is represented by the National Information Center, with the aim of meeting hosting needs and increasing the capacity of data centers in the field of digital technologies.

The company also stated that the signing of the expected contract will be on March 5, 2025, noting that there are no parties related to this project.

On the other hand, Al -Muammar Information Systems Company (MIS) achieved a shift to profitability during the third quarter of 2024 compared to the losses of the same quarter of 2023, where a net profit of 17 million riyals in the third quarter of this year recorded, compared to losses of 69 One million riyals in the same period last year.