MIS bags $22mln orders to up data centre capacity in Saudi Arabia.
Al Moammar Information Systems Company (MIS) has received new orders worth 82.55 Saudi riyals ($22 million) to increase the capacity of data centres.
The data centres are being developed and designed in collaboration with Saudi Fransi Capital, the company said in a statement to the Saudi stock exchange on Tuesday.
In July 2021, the company signed an agreement with Saudi Fransi Capital, the manager of the Shariah-compliant private investment fund, which will invest in developing, designing and managing six data centre facilities worth SAR 1.2 billion.
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MIS bags $22mln orders to up data centre capacity in Saudi Arabia. source