Al-Rajhi Capital and MIS Sign Agreement to Launch Special Investment Fund worth SR1 bln

Al-Moammar Information Systems Company (MIS) announced on Tuesday that Al-Rajhi Financial Company (the fund manager) and Al Moammar to move forward and take the necessary steps to launch a special investment fund (compliant with the provisions of Islamic Sharia) in the amount of one billion riyals with the aim of partnering in digital and technical infrastructure projects and medical equipment.

Accordingly, MIS will be the marketer and implementer on an exclusivity base for all projects owned and financed by the private investment fund that is compatible with the provisions of Islamic Sharia, which aims to reach one billion riyals to finance digital and technical infrastructure projects and medical equipment.

This comes with reference to the announcement of Al Moammar Information Systems Company on the Tadawul platform on 26-12-2021 regarding the signing of a memorandum of understanding with Al Rajhi Capital, with the aim of launching a special investment fund (compliant with the provisions of Islamic Sharia) in the amount of one billion riyals with the aim of Financing digital and technical infrastructure projects and medical equipment.

It is expected that the procedures for launching the fund will be completed in the second half of 2022.