Al Moammar Information Systems Secures Strategic SAR 114 Million Contract with Saudi Central Bank

Riyadh | EcoPulse24

Al Moammar Information Systems (MIS), listed on the Saudi Stock Exchange (Tadawul), announced on Monday, December 23, 2025, the signing of a contract with the Saudi Central Bank (SAMA) to renew and support IT licenses and systems. The total contract value is SAR 114,434,174.7, including VAT, reinforcing MIS's position as a principal technology partner for key government financial institutions.

The three-year contract covers license renewals and technical support for SAMA's IT systems, continuing the strategic partnership between the two entities. MIS had initially been awarded the contract on August 3 before the official signing in Riyadh.

This agreement is part of SAMA's efforts to upgrade its technological infrastructure and ensure the continuity of critical systems supporting Saudi Arabia's rapidly growing financial sector, aligned with the Kingdom's Vision 2030 digital transformation agenda.

Financially, the contract is expected to have a positive impact on MIS's results starting from Q4 2025, with revenue distributed over the contract's three-year term. MIS confirmed via Tadawul that the contract involves no related parties, reflecting transparency and governance.

The contract represents approximately 30% of MIS's current market capitalization, making it one of the company's largest deals in recent years and highlighting the confidence of major government institutions in MIS's technical and operational capabilities.

MIS maintains a longstanding relationship with SAMA, providing advanced solutions for critical banking infrastructure, including payment, settlement, and supervisory systems. This renewal further deepens their partnership amid accelerating fintech advancements and increasing demand for secure, reliable systems.

SAMA plays a pivotal role in regulating and developing the Kingdom's financial sector, relying on trusted technology partners to deliver solutions that meet international standards and sector needs.

This announcement comes at a time of exceptional growth in Saudi Arabia's fintech sector, driven by government digitalization initiatives and increased investment in tech infrastructure. Industry estimates suggest the local fintech market could exceed SAR 10 billion by 2026, creating significant opportunities for IT firms.

Founded in 1984, MIS is a leading provider of IT solutions in Saudi Arabia, serving critical sectors including banking, government, telecom, and energy. The company's stock has seen relative stability in recent months, with strategic announcements like this contract potentially boosting future performance.

Analytically, the contract reflects: 1) continued government trust in national tech firms, supporting localization and local content; 2) SAMA's significant investment in IT to enhance cybersecurity and operational efficiency; and 3) expanding opportunities for local tech companies amid rising demand for advanced digital solutions. MIS stands to benefit both financially and reputationally, enhancing its prospects for future large-scale public sector contracts.