MIS signs SAR 50M IT deal with CEER
Al Moammar Information Systems Co. (MIS) signed a framework agreement today, March 26, with CEER National Automotive Co. to supply IT solutions and systems with a total value not exceeding SAR 50 million.
In a statement to Tadawul, the company said the framework agreement spans three years and is based on unit prices for supplying IT solutions and systems to CEER.
MIS stated that the financial impact of the agreement will appear in the company's results in the second quarter of 2025.
There are no related parties to the deal, the statement added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ArabGT
6 days ago
- ArabGT
2025 Tesla Model 3 Review
The 2025 Tesla Model 3 continues to perform strongly as one of the cornerstones of the electric vehicle market. Since its debut in 2017, it has established itself as a more accessible alternative to previous Tesla models and played a significant role in popularizing electric cars globally. With over one million units sold worldwide by 2021, it stands as one of the most successful EVs ever. The latest 2025 version is part of the major refresh known as 'Project Highland,' announced in 2023, which brought notable improvements in design, efficiency, and technology. Exterior Design The 2025 Model 3 features a sleeker and more refined look, with a lower front end, a redesigned rear diffuser, and enhanced aerodynamic wheels that reduce drag coefficient to 0.219, down from 0.225. The taillights have been updated to create a more cohesive design with the trunk sides, giving the car a more streamlined and modern appearance. These changes improve both aesthetics and aerodynamic performance, resulting in better driving range. In terms of paint options, the 2025 Model 3 comes in standard white at no additional cost. For those seeking a more distinctive look, Tesla offers several premium colors. These include solid black, metallic blue, and dark gray for an additional SAR 5,300. Eye-catching options like red and mercury silver come at a higher premium of SAR 8,000 on top of the car's base price. Interior Design The 2025 Tesla Model 3 boasts a modern cabin that blends tranquility with cutting-edge tech, delivering a refined and comfortable driving experience. Material quality has been upgraded with meticulous attention to detail. One standout feature is the 8-inch rear touchscreen that allows backseat passengers to control climate and media, complementing the main 15.4-inch center display. The front seats are ventilated and can be pre-cooled or auto-adjusted via the mobile app for added comfort. Tesla's premium sound system includes up to 17 speakers and dual subwoofers, paired with enhanced microphones for clearer calls. Wireless charging for two phones is also available, making daily use more convenient. The cabin benefits from exceptional quietness thanks to sound-insulating glass surrounding the occupants. A panoramic glass roof enhances the sense of space, allowing natural light in while blocking harmful UV rays. In a bold design move, Tesla replaced traditional turn signal stalks with steering wheel-mounted buttons—a feature borrowed from refreshed Model S and X vehicles—though it has drawn mixed reactions regarding usability and safety. Performance Specifications The 2025 Tesla Model 3 comes in several versions with varying performance and range: Standard Range RWD Range: 520 km (WLTP) Acceleration: 0–100 km/h in 6.1 seconds Drivetrain: Rear-wheel drive Energy consumption: 13.2 kWh/100 km Max Supercharging: 170 kW Long Range RWD Range: 702 km (18″) / 640 km (19″) Acceleration: 0–100 km/h in 5.2 seconds Drivetrain: Rear-wheel drive Energy consumption: 13.6 kWh/100 km Max Supercharging: 250 kW Long Range AWD Range: 629 km (WLTP) Acceleration: 0–100 km/h in 4.4 seconds Drivetrain: Dual Motor AWD Energy consumption: 14.0 kWh/100 km Max Supercharging: 250 kW AWD Performance Range: 528 km (WLTP) Top Speed: 262 km/h Acceleration: 0–100 km/h in 3.1 seconds Drivetrain: Dual Motor Performance Additional Features: Adaptive air suspension, sport seats, 20″ forged wheels, Track Mode v3 Max Supercharging: 250 kW All trims accommodate five passengers and include the central 15.4-inch touchscreen along with 682 liters of cargo space. The dimensions are nearly identical across all versions, with 138 mm of ground clearance. Pricing In Saudi Arabia, the 2025 Tesla Model 3 is priced as follows: Standard Range RWD: SAR 173,490 (~$46,260 USD) Long Range RWD: SAR 193,490 (~$51,580 USD) Long Range AWD: SAR 203,490 (~$54,270 USD) AWD Performance: SAR 228,490 (~$60,890 USD) Warranty Tesla provides a basic warranty of 4 years or 80,000 km (whichever comes first), and a battery and drive unit warranty of up to 8 years or 192,000 km, depending on the variant. Let me know if you'd like a version optimized for social media or formatted for publication, Master.
3yon News
7 days ago
- 3yon News
إعلان شركة نفوذ للمنتجات الغذائية عن نتائج إجتماع الجمعية العامة غير العادية التي تضمنت الموافقة على زيادة رأس مال الشركة (الاجتماع الأول)
1. The company's financial statements for the fiscal year ending on December 31, 2024, were reviewed and discussed. 2. The Board of Directors' report for the fiscal year ending on December 31, 2024, was reviewed and discussed. 3. Approval of the auditor's report for the fiscal year ending on December 31, 2024, after discussion. 4. Approval of appointing Alzoman, Alfahad & Alhajjaj professional services Chartered Accountants as the company's external auditor from among the nominated firms based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for Q2, Q3, and the annual financials of 2025, and Q1 of 2026, with a total fee of SAR 390,000. 5. Approval of allowing Board Member Mr. Faisal bin Abdullah Al-Omaiqan to engage in activities competing with the company's business. 6. Approval of authorizing the Board of Directors with the powers of the Ordinary General Assembly as stated in paragraph (1) of Article 27 of the Companies Law for a period of one year from the date of this General Assembly's approval or until the end of the term of the authorized Board, whichever comes first, in accordance with the relevant executive regulations for listed joint-stock companies. 7. Approval of discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 8. Approval of the Board of Directors' recommendation to distribute cash dividends amounting to SAR 11,908,359 (eleven million, nine hundred eight thousand, three hundred fifty-nine Saudi riyals) to shareholders for the fiscal period ending December 31, 2024, at SAR 0.25 per share, representing 25% of the nominal value of the share. Eligibility shall be for shareholders holding shares at the end of the trading day on the date of the General Assembly and registered in the company's shareholders register at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date. Dividend distribution will commence on 15-06-2025. 9. Approval of disbursing board member remuneration in the amount of SAR 990,000 for the fiscal year ending December 31, 2024. 10. Approval of disbursing Audit Committee member remuneration in the amount of SAR 164,481 for the fiscal year ending December 31, 2024. 11. Approval of business and contracts to be concluded between the company and Abdullah Ibrahim Al-Omaiqan Real Estate Co., in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. These involve a lease contract for administrative offices and showrooms located in Al-Nuzha district, Riyadh. The contract duration is two calendar years, with an annual rental value of SAR 1,263,708 (exclusive of VAT). The total value of transactions in 2024 was SAR 1,263,708. These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 12. Approval of business and contracts to be concluded between the company and Mosakhan Waraq Enab Food Services Establishment, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. The contract is for the sale of food products with a one-year term. The total value of transactions in 2024 amounted to SAR 597,099 (exclusive of VAT). These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 13. Approval of business and contracts executed between the company and Al-Omaiqan Holidays and Travel, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. This involves an agreement to provide ticket booking services. The total value of transactions in 2024 amounted to SAR 367,291 (exclusive of VAT). These transactions were conducted in the ordinary course of business and under prevailing commercial terms without preferential conditions. 14. Approval of the amendment to the Audit Committee Charter. 15. Approval of the amendment to the Nomination and Remuneration Committee Charter. 16. Approval of the amendment to the Policy, Standards, and Procedures of Membership in the Board of Directors and its Committees. 17. Approval of the Competitive Activities Standards. 18. Approval of the Policy on Remuneration for Board Members, Committees, and Executive Management. 19. Approval of the Board of Directors' recommendation to increase the company's capital through the issuance of bonus shares as follows: • The capital increase will be through the capitalization of SAR 48 million from retained earnings, by granting one share for every one share held. • Total increase amount: SAR 48,000,000 • Capital before increase: SAR 48,000,000 • Capital after increase: SAR 96,000,000 • Increase percentage: 100% • Number of shares before the increase: 48,000,000 shares • Number of shares after the increase: 96,000,000 shares The capital increase aims to strengthen the company's financial position, support its expansion plans, and enhance shareholder returns by growing its business and seizing opportunities in the food sector. • Number of bonus shares: 1 share for every 1 share held • The increase will be through the capitalization of SAR 48,000,000 from retained earnings. Eligibility date: Shareholders who own shares by the end of the trading day on the date of the Extraordinary General Assembly and are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date. Fractional shares: In the event of fractional shares, they will be grouped in one portfolio and sold at market price. The proceeds will be distributed to eligible shareholders based on their respective entitlements within 30 days from the date of determining the entitled shares for each shareholder. • Approval of the amendment to Article (7) of the company's Articles of Association related to capital. Page 2 الأربعاء 01 مارس 2017 11:18 مساءً Page 3
Arab News
29-05-2025
- Arab News
Closing Bell: Saudi main index closes in red at 10,990
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Thursday, as it shed 62.35 points, or 0.56 percent, to close at 10,990.41. The total trading turnover of the benchmark index was SR10.20 billion ($2.72 billion), with 169 of the listed stocks advancing and 74 declining. The Kingdom's parallel market Nomu also dropped 123.20 points to close at 26,809.75. The MSCI Tadawul Index declined by 0.70 percent to 1,403.80. The best-performing stock on the main market was Saudi Reinsurance Co. The firm's share price soared by 9.31 percent to SR50.50. The share price of East Pipes Integrated Co. for Industry increased by 7.83 percent to SR124. Arabian Drilling Co. also saw its stock price edging up by 5.12 percent to SR84.20. Conversely, the share price of Makkah Construction and Development Co. declined by 5.65 percent to SR96.80. On the announcements front, Al Moammar Information Systems Co., also known as MIS, said that it signed a contract valued at SR58.93 million with the Saudi Data and Artificial Intelligence Authority to operate and maintain the National Unified Visa Platform. In a Tadawul statement, the company stated that the contract is valid for 36 months, with no related parties involved in the deal. MIS added that the contract is expected to have an impact on the company's financial results starting from the third quarter of this year. The share price of MIS rose by 1.66 percent to SR134.80. Al Kathiri Holding Co. said that its subsidiary, Saraya Al Diyar Investment Co., has entered into a long-term lease agreement valued at SR143.1 million with the Aseer Municipality to build and operate a mixed-use hotel and commercial complex in Abha. Under the deal, Saraya Al Diyar Investment Co. will establish a four-star hotel with 180 keys, as well as retail and entertainment facilities in the project that spans a total area of 53,000 sq. meters. The new contract is in line with Al Kathiri Holding's strategic direction to diversify its investment portfolio and expand into promising, high-impact sectors, aligning with the goals of Saudi Vision 2030, the company said in the statement. Al Kathiri Holding Co.'s share price was unchanged at SR2.08 by the end of Thursday's trading.
