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Monday, November 25, 2024

Home Islamic Saudi Arabia’s MIS signs $82.85m Islamic finance deal

Saudi Arabia’s MIS signs $82.85m Islamic finance deal

by News desk
May 8, 2020
in Islamic

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Riyadh

Al Moammar Information Systems (MIS) Company has signed on Monday an Islamic finance agreement with Riyad Bank.
The renewable one-year finance facility is valued at SAR 290 million, according to a company statement to the Saudi Stock Exchange (Tadawul) on Tuesday.
MIS reported SAR 16.93 million in net profit during the first quarter (Q1) of 2020, posting a 44.45% year-on-year (YoY) increase, as shown by the company’s interim financial results.—Reuters