Business · Companies · 23 hrs ago
MIS receives HUMAIN work orders worth more than 270% of 2025 revenue
Saudi technology company MIS has received two work orders from HUMAIN, a company launched by Saudi Arabia’s Public Investment Fund.
The orders are each worth more than 135% of MIS’s 2025 revenue, or about 1.71 billion riyals apiece.
Together, they are worth about 3.43 billion riyals, more than 270% of that revenue.
MIS is working with HUMAIN on data centers designed for artificial intelligence, and a previous agreement expanded the project’s planned capacity from 50 megawatts to 250 megawatts.
Each new work order is scheduled to take 16 months to complete.
Their financial effect is expected to begin in the fourth quarter of 2026.
The project adds to Saudi investment in the computing capacity and digital infrastructure needed for AI.
MIS received work orders No. 3 and No. 4 from HUMAIN with a combined value exceeding 270% of its 2025 revenue.
Each work order is worth more than 135% of MIS’s 2025 revenue and has a 16-month execution period.
The orders’ financial impact is expected to begin in the fourth quarter of 2026.
The orders follow a September agreement to expand an AI data-centre project’s capacity from 50 megawatts to 250 megawatts.
MIS reported revenue of 1.27 billion riyals in 2025.
- Who
- MIS, a Saudi information systems company, received the orders from HUMAIN, a company affiliated with Saudi Arabia’s Public Investment Fund.
- What
- HUMAIN issued work orders No. 3 and No. 4, together worth more than 270% of MIS’s 2025 revenue.
- When
- MIS received the orders on Saturday; it announced them on Sunday. Their financial impact is expected from the fourth quarter of 2026.
- Where
- Not stated
- Why
- The orders relate to a project to design and build data centres for AI technologies.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
MIS signed an agreement with HUMAIN to expand an AI data-centre project’s capacity from 50 megawatts to 250 megawatts.
MIS received work orders No. 3 and No. 4 from HUMAIN.
MIS disclosed the work orders in a statement on Tadawul.
The financial impact of the orders is expected to begin.
- Combined work-order value
- More than 270% of MIS’s 2025 revenue
- Value of each work order
- More than 135% of MIS’s 2025 revenue
- Execution period
- 16 months per work order
- MIS 2025 revenue
- 1.27 billion riyals
- Expanded project capacity
- From 50 megawatts to 250 megawatts
Sources
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