| Element List | Explanation |
|---|---|
| Introduction | Edarat Communications and Information Technology Company (Edarat) announces the decision of the Board of Directors to purchase a 40% stake in National Excellence Data Centers through a contribution to an increase in the company's capital, valued at (400,000) four hundred thousand SAR. National Excellence Data Centers is 100% owned by Al-Moammar Information Systems Company (MIS), and the distribution of shares will be as follows: •Al-Moammar Information Systems Company (MIS) will retain 60% of the capital of National Excellence Data Centers. •Edarat will acquire 40% of the capital of National Excellence Data Centers. |
| Transaction Details | Al-Muammar Information Systems Company (MIS) owns National Excellence Data Centers— a single-member limited liability company—100%. It has been decided to increase the capital of National Excellence Data Centers to an amount of (1,000,000) one million Saudi Riyals. Edarat will lead by acquiring a 40% stake in National Excellence Data Centers through a capital increase by paying its share of (400,000) four hundred thousand SAR. |
| Transaction Amount | (400,000) four hundred thousand SAR. |
| Transaction Conditions | None. |
| Parties of the Transaction | Company being purchased: National Excellence Company for Data Centers Owner of the company being purchased: Al-Moammar Information Systems Company (MIS) Buyer: Edarat Company for Communications and Information Technology (Departments)(EDARAT) |
| Transaction Financing Method | Through the company's own resources. |
| Date of Entering Into The Transaction | 2025-10-07 Corresponding to 1447-04-15 |
| Description of Activity of The Asset Subject of The Transaction | Management, operation of data centers. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable. |
| Transaction reasons | A promising opportunity to enter the management, operation of data centers, which contributes to enhancing the company's position in the market and supports its future business |
| Expected Impact of the Transaction on the Company and Its Operations | Enhancing the company's position in the market and supporting its future business. |
| Related Parties | Al-Moammar Information Systems Company (MIS). |