RIYADH: Al Moammar Information Systems Co. signed a SR54 million ($14 million) contract with construction firm Absal Paul Co. for implementation of the infrastructure technology development, supply, and installations of networks and data centers.
The project's positive financial impact will be reflected starting from the fourth quarter of 2022, the IT firm said in a bourse filing.
This comes as Al Moammar Information Systems Co. announced Tuesday that it was awarded a SR58 million contract by NEOM for research collaboration and tech patenting projects.
Established in 1996, Al Moammar delivers IT and business service management solutions within the Kingdom.
