Riyadh - Sharikat Mubasher: Al Moammar Information Systems Company (MIS), announced that its Board of Directors approved the allocation of SAR 30 million to establish an investment portfolio through self-financing.

The company announced on Tadawul that this portfolio aims to invest in global technology companies to capitalize on growth opportunities in this promising sector during the fiscal year 2025.

Worth mentioning that the Board previously approved, allocating SAR 40 million for investments in global artificial intelligence companies during the fiscal year of 2024.

With this latest move, the total amount allocated by the Board now amounts to SAR 70 million dedicated to launching an investment portfolio through self-financing, focused on investing in global artificial intelligence companies to leverage growth opportunities in this promising field.

Al Moammar Information Systems Co. (MIS) is one of the largest IT companies in Saudi Arabia established in 1979, and the first Saudi public listed company in IT field, which provides integrated solutions for the information systems with outstanding quality and suitable technical products for the international standards and specifications.