Edarat Communication Invests SAR128 Million in Cloud, GPU Equipment Under Expansion Plans

10:11 AM EDT, 09/16/2026 (MT Newswires) -- Edarat Communication and Information Technology (SASE:9557) said Wednesday it ordered 127.5 million Saudi riyals of cloud infrastructure and graphics processing unit, or GPU, computing equipment from Aklaniat Technologies. The transaction aims to boost the technology services company's GPU computing capacity and cloud systems as part of the expansion of its EdaratCloud Stack offering. The orders will be delivered and commissioned across five phases in the next six months. Edarat added that it will utilize vendor financing agreements and banking facilities to fund the purchase.