Al Moammar Information Systems Company, one of Saudi Arabia’s largest publicly listed technology firms, is entering 2026 with its most ambitious outlook to date. The company’s chief executive has disclosed a project pipeline and framework agreements under execution that exceed SAR 13 billion, and projected revenue growth of approximately 50 percent for the year — a target underpinned by surging government and private sector demand for digital infrastructure, cybersecurity, artificial intelligence, and managed services across the Kingdom.
A Record Year in Contract Wins
The scale of MIS’s momentum becomes clear in its contract award trajectory. By the close of the fourth quarter of 2025, the value of contracts awarded to the company had reached SAR 6.2 billion — an increase of more than 60 percent compared to the previous year — driven by expansion into a broader customer base across both public and private sectors. In the first quarter of 2026 alone, awarded and qualified contracts exceeded SAR 700 million, spanning digital infrastructure, systems solutions, managed services, and cybersecurity work.
CEO Abdullah Al-Ghamdi attributed the company’s performance to the ongoing expansion of Saudi Arabia’s digital market, noting that new opportunities are emerging particularly in traditional and AI-driven data centers as the Kingdom accelerates its technology investment under Vision 2030. The fourth quarter of 2025 saw year-on-year profit growth driven by gains across core segments including digital infrastructure, AI and data science, Internet of Things solutions, and platform and application monitoring technologies — even after accounting for additional provisions of approximately SAR 40 million.
Building a Technology Ecosystem
Beyond its core IT services business, MIS has been building a diversified portfolio of technology investments totaling over SAR 270 million by end of 2025. These include stakes in Edarat Group, the Saudi Data Centers Fund I, and Vision Bank. The company is also developing subsidiaries in the fintech and healthtech spaces: MISPay, a buy now, pay later platform; MISConnect, an open banking service; and Medical Technology Solutions Company — a unit targeting the growing intersection of technology and healthcare in the Kingdom.
Saudi Arabia’s Digital Market: An Engine of Growth
MIS’s trajectory reflects broader trends shaping Saudi Arabia’s technology sector. The Kingdom’s Vision 2030 program has driven unprecedented investment in digital government, smart city infrastructure, cybersecurity, and cloud services, creating a sustained pipeline of large-scale technology projects that listed technology companies are competing to capture. Saudi Arabia’s push to develop its own AI capabilities — including the build-out of national data center capacity and the advancement of Arabic-language AI — is opening additional avenues for companies with the technical depth and government relationships that MIS has built over decades of operation.
