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Eye of Dubai
Business & Money | Tuesday 28 May, 2024 10:56 am |
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MIS receives new orders worth SAR 75.2M to boost data center capacity

Al Moammar Information Systems Co. (MIS) received new orders to increase the capacity of data centers at a total value of SAR 75.2 million (including VAT), the company said in a filing to Tadawul.

 

Further developments will be announced in due course, the company noted. In June, MIS signed a binding memorandum of understanding (MOU) with Saudi Fransi Capital (SFC) to establish a private investment fund to develop, own, and operate data centers across the Kingdom, according to data available with Argaam.

 

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