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Edarat Communication and Information Technology Co. (EDARAT) announces contract signature with Ejada Systems Co.Ltd.

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EDARAT
1.12 %
1445/11/08     16/05/2024 15:43:31

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Introduction Edarat Communication and Information Technology Co. (EDARAT) announces contract Signature with Ejada Systems Co.Ltd. , to provide Cloud Services for one of the governmental companies in the Kingdom of Saudi Arabia.
Date of Announcement of the Award 2024-05-15 Corresponding to 1445-11-07
Contract Subject Matter Providing cloud services.
The Entity with Which the Contract was Signed Ejada Systems Co.Ltd
Date of Signing the Contract 2024-05-15 Corresponding to 1445-11-07
Contract Value 3,536,586 SAR(VAT included).
Contract Details The awarded contract aims to provide cloud services for Ejada to implement a Geographical Infomation System (GIS) for a government entity in the Kingdom of Saudi Arabia. Edarat for Communication and Information Technology Company will provide Infrastructure as a Service (IaaS) and Backup as a Service (BaaS) through its Sovereign Private Cloud for Business platform.
Contract Duration 1 year.
Financial Impact and the Relevant Period .This contract is expected to have a positive impact on the financial statements of the company during Q2 of 2024.
Related Parties N/A

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 253.0
Net Change 2.8 (+1.12%)
Value Traded (Sar) 24,368.2
Volume Traded 97
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