Announcement by Al Moammar Information Systems Company (MIS) Regarding the Board of Directors’ Approval to Acquire a 15% Stake in “Eltizam” Insurance Platform, with a Total Value of SAR 19,500,000.
| Element List | Explanation |
|---|---|
| Announcement Detail | Al Moammar Information Systems Company (MIS) announces that on 6/5/1447H, corresponding to 28/10/2025G, the Board of Directors approved the acquisition of a 15% stake in the investment round of “Eltizam” Insurance Platform, with a total platform valuation of SAR 130 million and an investment value of SAR 19,500,000 (nineteen million five hundred thousand Saudi Riyals).
This decision is in line with MIS’s strategic objectives and vision for growth and expansion, by strengthening its investments in the insurance sector through strategic partnerships and investments that contribute to diversifying its business portfolio. The transaction is subject to legal and financial due diligence, as well as obtaining the necessary regulatory approvals from the competent authorities prior to the official completion of the transaction.
Any material developments related to this transaction will be announced in due course. |
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