MIS receives approval to increase capacity of two data centres in Dammam by SAR 155.4 mln

Al Moammar Information Systems (MIS) announced on Sunday the signing of a contract with Saudi Fransi Capital (SFC) to develop, design and manage facilities for data centres, which is the receipt of new orders geared to increase the capacity of two data centres in Dammam at a value of 155,433,822.90 Saudi riyals (including VAT).

The Company indicated that the latest orders are considered part of the beginning of the second phase of increasing capacity according to the needs and demands of customers. They are coinciding with undergoing Phase I implementation activities.

The Company added that the financial impact begins in the first quarter and continues until the third quarter of the fiscal year 2024.