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SAUDI ELECTRICITY
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MIS
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Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) was awarded a project contract valued at SAR 93.72 million, on 10 September, with Saudi Electricity Company (SEC).
The two entities are expected to sign the agreement on 30 September 2024, according to a bourse disclosure.
The deal covers enhancing the network and expanding the infrastructure.
In the first half (H1) of 2024, SEC registered 16.56% higher net profits at SAR 5.24 billion, compared to SAR 4.49 billion in H1-23.
Source:
Mubasher
