Logo ofAl Moammar Information Systems Co. (MIS)
Al Moammar Information Systems Co. (MIS) signed an investment agreement, subscription and purchase agreement, today, Jan. 28, with Eltizam Co. to acquire a 15% stake in the Eltizam car insurance platform, for a total value of SAR 19.5 million. 
In a statement to Tadawul, the company said it would disclose any developments or updates in this regard in due course.
According to Argaam data, MIS’s board of directors approved in October the acquisition of a 15% stake in the Eltizam Insurance Platform as part of an investment round, based on a total platform valuation of SAR 130 million, with an investment value of SAR 19.5 million.
Logo ofAl Moammar Information Systems Co. (MIS)
Al Moammar Information Systems Co. (MIS) signed an investment agreement, subscription and purchase agreement, today, Jan. 28, with Eltizam Co. to acquire a 15% stake in the Eltizam car insurance platform, for a total value of SAR 19.5 million.
In a statement to Tadawul, the company said it would disclose any developments or updates in this regard in due course.
According to Argaam data, MIS’s board of directors approved in October the acquisition of a 15% stake in the Eltizam Insurance Platform as part of an investment round, based on a total platform valuation of SAR 130 million, with an investment value of SAR 19.5 million.
