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MIS Exits Artificial Intelligence Company xAI

MT Newswires·12/28/2025 06:23:57
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06:23 AM EST, 12/28/2025 (MT Newswires) -- Al Moammar Information Systems Co. (SASE:7200), d/b/a MIS, divested its entire interest in artificial intelligence company xAI for $4.2 million, according to a Sunday release. As the information technology group originally invested $1 million in xAI, it will register a positive financial impact of $3.2 million in its books for the fourth quarter of 2025. The sale is part of MIS' strategy to explore other investment opportunities.