Ibrahim Al-Moammar, Vice Chairman of Al Moammar Information Systems Co.( MIS)
Ibrahim Al-Moammar, Vice Chairman of Al Moammar Information Systems Co. (MIS), stated the business anticipates to protect brand-new agreement awards worth in between SAR 1.5 billion and SAR 2 billion throughout the rest of 2026 in the ICT sector, omitting information center jobs.
In an interview with ArgaamAl-Moammar stated the business’s impressive agreement portfolio goes beyond SAR 19 billion, keeping in mind that it continues to perform its jobs according to developed strategies, with excellent development in application.
Discussing MIS monetary efficiency in Q3 2026, Al-Moammar discussed that development in income and gross earnings shows enhanced functional efficiency and a growth in the business’s company and market share, both in the information center sector and its core ICT operations.
He verified that the business’s gross revenue margin in Q3 2026 was greater QoQ, both in its information center service and its core activities.
An evaluation of revenue margins is impacted by the nature of the tasks being performed and the business’s organization mix, in addition to the accounting treatment of earnings under IFRS 15, which identifies whether a business serves as a principal or a representative, according to the authorities.
He suggested that some software application license supply activities are taped on a net basis when the business serves as a representative, while information center task income is tape-recorded at the gross task worth when the business serves as a principal. This leads to variations in revenue margin ratios depending upon business mix.
Relating to the elements impacting net earnings, Al-Moammar stated the outcomes were affected by 3 primary elements. The very first was a decrease of around SAR 10.2 million in the reasonable worth of specific financial investments. He worried that this represents a non-cash accounting loss and does not show recognized operating losses or any wear and tear in the efficiency of the financial investments worried.
“We perform quarterly evaluations of our financial investments through an independent, specific 3rd party, utilizing evaluation designs that take into consideration a number of elements, consisting of market conditions and run the risk of premiums,” Al-Moammar stated.
The 2nd element was a boost in anticipated credit loss arrangements for trade receivables and agreement possessions, driven by development in business portfolio and greater exceptional receivables, in addition to the business’s conservative method to provisioning, he included.
MIS does not anticipate considerable boosts or a sharp dive in arrangements in Q4 2026, while some arrangements might possibly be reversed. Their levels stay based on constant evaluation based upon advancements in business portfolio.
The 3rd aspect was greater funding expenses, arising from the growth in task volumes and increased funding requirements, along with greater rates of interest, stated Al-Moammar. He kept in mind that some funding expenditures are repeating in nature, while others relate to non-recurring aspects.
Relating to the future outlook, Al-Moammar stated the business anticipates its functional efficiency to continue enhancing in Q4 2026, with earnings and gross earnings increasing QoQ. He included that the business likewise anticipates its company to continue growing in 2027 YoY, in regards to both profits and earnings margins.
On its future development technique, Al-Moammar stated the business concentrates on 4 primary pillars. The very first is accomplishing yearly development of in between 15% and 20% in its core ICT company, while the 2nd is targeting a 20% market share in information center building and construction.
The 3rd pillar concentrates on broadening information center management and operations, while the 4th includes continuing to pursue financial investment chances, develop subsidiaries, and broaden financial investments that match the business’s activities and development technique, he included.
Al-Moammar likewise kept in mind that MIS has financial investments throughout numerous sectors and business, consisting of banking, insurance coverage, Fintech, and information centers, along with financial investments and collaborations in innovation and expert system.
Relating to the business’s financial investment in Vision Bank, Al-Moammar described that the bank has actually started operations which treatments to increase its capital are underway. He kept in mind that MIS is taking part in the capital boost in percentage to its financial investment stake.
As relates to money dividends, Al-Moammar stated MIS follows the dividend policy authorized by the basic assembly, describing that the circulations revealed throughout the existing year associate with previous monetary durations, in line with the recognized circulation system.
The extension of dividend payments undergoes board of directors’ choices, considering money liquidity, bank centers, and the business’s general monetary position. He worried that the business is eager to stabilize investor circulations with the financing requirements of organization development and growth.
According to Argaam‘s information, MIS earnings decreased to SAR 76.42 million in the very first 9 months of 2026, compared to SAR 91.23 million in the exact same duration a year back. Q3 revenue likewise fell by more than 17% to around SAR 21 million.
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