Al-Muammar signs a subscription agreement to raise Vision Bank’s capital to 3 billion riyals
Al Moammar Information Systems (MIS) announced the latest developments related to its investment in Vision Bank (the digital bank), noting the joint signing of a subscription agreement to raise Vision Bank’s capital today.
According to the company’s statement on the website "Saudi Arabia trading"This investment comes within the framework of the process of increasing Vision Bank’s capital from (1.5) billion riyals to (3) billion riyals, in order to support the bank’s expansion plans and complete the requirements for its establishment.
The company explained that the value of the subscription that it will undertake is 23.75 million riyals, based on Vision Bank’s valuation of 3.2 billion riyals before the capital increase.
This development comes in reference to the company’s previous announcement dated 02/07/1442 AH corresponding to 02/14/2021 AD, and the subsequent announcement dated 07/16/1447 AH corresponding to 01/05/2026 AD regarding the entry of Al-Muammar Information Systems Company as a founding shareholder within a coalition that includes several commercial entities to establish a digital bank in the Kingdom of Saudi Arabia compatible with the provisions of Islamic Sharia.
The company stated that the previous announced event represented its announcement of the latest developments related to the entry. As a founding shareholder in the digital bank, the latest development is the joint signing of the subscription agreement to raise the capital.
Al-Muammar Information Systems Company had announced on the Saudi Tadawul website on January 5, 2026 AD, corresponding to Rajab 16, 1447 AH, the latest developments related to the establishment of the digital bank, confirming at that time that it would continue to complete the necessary procedures in cooperation with the founding partners.
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