Al Moammar Information Systems receives the first work order for an artificial intelligence data center project and upgrades in Saudi Arabia

Al Moammar Information Systems Company (MIS) received the first work order within its agreement with HUMAIN, with a total value exceeding 148 percent of the company’s total revenues for the year 2025, including value-added tax.

The company explained, in a statement on Tadawul today, that Work Order No. (1), which it received on October 1, represents the scope of work related to a capacity of 50 megawatts, which is the scope that was previously announced within the project to design and build data centers dedicated to artificial intelligence technologies.

It indicated that the financial impact of the work order began as of the second quarter of the fiscal year 2026.

The receipt of the work order comes within the framework of the agreement signed by Al-Muammar Information Systems with Humane last September, with a value exceeding 689 percent of the company’s total revenues for the year 2025, including value-added tax, which includes increasing the scope of the project’s work from 50 megawatts to 250 megawatts.

The company had made it clear when announcing the agreement that the engineering, supply and construction works would be carried out according to work orders issued by Humane in accordance with the provisions of the agreement, with the orders being announced immediately upon receipt, their value, implementation periods and their financial impact.

Al-Muammar Information Systems expects to receive additional work orders for the additional expansion of the project during the coming period, and will announce any fundamental developments in this regard in due course.

As of October 4, 2026, “Saudi Tadawul” began implementing the update to the market order mechanism in the main market and “Nomu - Parallel Market,” in a step aimed at raising the efficiency of implementation and improving the use of liquidity available in the market.

What's the market order?

A market order is an order to buy or sell that is executed immediately at the best prices available in the order book, without the investor specifying a specific price.

This type of order is usually used when the investor's priority is speed of execution rather than obtaining a specific price.

How did the previous mechanism work?

Previously, a market order was executed only on the available quantity at the best price.

If an investor wants to buy 10,000 shares, and the quantity available at the best price is only 3,000 shares, then this quantity is executed, while the remaining part turns into a limit order at the price of the last executed part.

What has changed now?

Under the new mechanism, a market order is now able to be executed across multiple price levels, within a range of up to five price units starting from the best available price.

Thus, the order can access additional liquidity available at nearby price levels, instead of being limited to the quantity available at the best price only.

What happens if the stock is not sold out?

When the maximum allowed limit is reached, or if there are no additional quantities within the specified range, the remaining unexecuted quantity is converted into a limit order at the last execution price.

What is the purpose of the update?

Through this step, Saudi Tadawul aims to:

- Immediately increase the quantities executed. - Improving the use of liquidity available in the market. - Reducing the possibility of large parts of orders remaining unexecuted. - Enhancing the efficiency of the trading mechanism. - Support market depth and improve investor experience.

Does the update include all markets?

No, the update applies to stocks listed on the main market and “Nomu - Parallel Market” only, while it does not include the derivatives market that continues with the current mechanism.

Why did the update gain interest from investors?

Because the mechanism of executing orders directly affects the speed of executing trades and the efficiency of accessing liquidity, especially in stocks that witness gaps between price levels or limited trading volumes.