{
  "id": 19308715,
  "title": "MIS Nine-Month Net Profit Falls 16% to 76.4M SAR",
  "url": "https://urgent.news/2026/11/10/mis-nine-month-net-profit-falls-16-to-76-4m-sar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T08:40:11.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/11/10/mis-nine-month-net-profit-falls-16-percent-to-76-4m-sar/"
  },
  "original_language": "en",
  "account": "Al Moammar Information Systems (MIS) reported a nine-month net profit of 76.42 million SAR, a 16.2% decrease from the 91.23 million SAR earned in the same period last year. However, revenue nearly doubled, increasing 88% to 1,861.88 million SAR. The surge in revenue can be attributed to data centre mega-projects and expansion of ICT core business. While operating profit rose 46.9% to 143.64 million SAR, the net profit fell due to higher finance costs and investment fair-value losses. Two non-operating items negatively impacted the net profit, with a 3.97 million SAR decrease in investment fair values and a 21.4 million SAR increase in finance costs directly linked to data centre project financing. Quarterly data shows that the third quarter alone generated 951.8 million SAR in revenue, a 239% increase from Q3 2024 and a 59.9% rise from the prior quarter. While operating profit for Q3 reached 64.08 million SAR, net profit fell to 20.77 million SAR, indicating a continued trend of revenue growth outpacing profit performance.",
  "summary": "Riyadh, Saudi Arabia — Al Moammar Information Systems (MIS) posted a nine-month net profit of 76.42 million SAR, down 16.2% from 91.23 million SAR in the same period last year. Revenue nearly doubled, rising 88% to 1,861.88 million SAR. Data centre mega-projects drove the top-line surge, but higher finance costs and investment fair-value losses squeezed […] The post MIS Nine-Month Net Profit…",
  "key_points": [
    "MIS net profit drops 16% to 76.4M SAR over nine months",
    "Revenue increases 88% to 1,861.88M SAR in same period",
    "Higher finance costs and investment losses drag down profits"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}