MIS inks SAR 71.9M contract for continuous monitoring system project with NCGR

Logo of Al Moammar Information Systems (MIS)

Al Moammar Information Systems Co. (MIS) signed, on May 7, a contract worth SAR 71.9 million (VAT inclusive) with the National Center for Government Resources Systems (NCGR) for the continuous monitoring system project.

The contract covers establishing a continuous financial monitoring and control system to provide support for the lines of defense to enhance and strengthen control mechanisms and financial risk management processes, MIS said in a statement to Tadawul.

The project is expected to have a positive financial impact on the company’s statements as of Q2 2024, the company added, noting that no related parties are included in the deal.

MIS was awarded the contract in January 2024, according to data compiled by Argaam.