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Edarat Secures 28.3M Riyal Cloud Contract
Al Eddarat Telecommunications and Information Technology Company has signed a contract worth 28.27 million SAR with Raxbase Arab Information Technology Company, aiming to provide managed cloud computing services through the Cloud Service Provider (VCSP) program. The contract includes cloud software licenses and technical and support services. The duration of the contract is 42 months, starting on October 1, 2026, and ending on March 31, 2030. The financial impact of the contract will begin to appear in the company’s reports from the second quarter of 2027, with fees paid annually in advance during the contract period.
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