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Idarat H1 profits reach 19.8M Riyals
The financial results of Edarat Communications and Information Technology showed a 29.8% increase in net profits during the first half of 2026, reaching 19.79 million riyals, supported by growth in revenues from the data center engineering and cloud services sectors, as well as improved operational efficiency. Revenues also rose by 21.94% to 91.64 million riyals, driven by a 27% increase in data center services revenue and a 15% rise in cloud services. The company announced its approval to increase capital from 50.4 million riyals to 75.6 million riyals through bonus shares, with shareholders’ equity growing by 50.98%, and earnings per share amounting to 2.62 riyals.
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