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M/S's stock hits record 208 riyals
Al Moammar Information Systems Company (MIS) stock reached a historic high of 208 riyals amid positive performance and active trading. The company's market value stood at approximately 5.9 billion riyals, with around 85,000 to 90,000 shares traded. The rise coincided with the completion of the company's acquisition of a 15% stake in the "Istitlam" insurance platform, valued at 19.5 million riyals, as part of its strategy to diversify its portfolio and boost the technology and digital transformation sector within the Kingdom. Despite this, the company’s net profits declined by 64.14% in the first quarter of 2026.
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