‎Edarat issues SAR 127.5M PO for computing infrastructure equipment

‎<p><img src="https://argaamplus.s3.amazonaws.com/40b0613e-0b51-494f-aca4-956bec4bcef9.png"></p> <p class="ckeCaption" >Logo of Edarat Communication and Information Technology Co.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/nomu/edarat" target="_blank">Edarat Communications and Information Technology Co.</a>issued today, Sept. 16, a purchase order (PO) for cloud and GPU-based computing infrastructure equipment from Aklaniyat Technology Co. Ltd., totaling SAR 127.54 million, excluding VAT.</p> <p ></p> <p >In a statement on <strong>Tadawul</strong>, the company said the purchase will be financed through supplier financing arrangements with Aklaniyat as well as credit facilities, in line with its approved investment plan, with the PO to be supplied and commissioned in five phases over the next six months.</p> <p ></p> <p >The company said the capital assets will be recognized in its financial statements during Q4 2026 and Q1 2027, with depreciation calculated over five years in accordance with its accounting policies.</p> <p ></p> <p >Edarat added that its executive management has been authorized to complete all contractual, financial, and technical procedures related to the PO, including finalizing financing arrangements with local banks, noting that there are no related parties involved.</p> <p ></p> <p >The PO follows Edarat’s board decision on Sept. 9, approving the strategic plan for the EdaratCloud Stack, aimed at expanding the company’s GPU-based computing capabilities and cloud computing infrastructure.</p>

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Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

16th September 2026

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argaam.com

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