Edarat Communication and Information Technology Co. Announces Contract Sign Off with Rackspace Arabia for Information Technology Single LLC
| Element List | Explanation |
|---|---|
| Introduction | Edarat Communication and Information Technology Co. (EDARAT) announces that it has placed a services purchase order with Rackspace Arabia for Information Technology Single LLC for Managed VMware Services (VCSP) for a period of 42 months starting from 1/10/2026 G corresponding to 20/4/1448 H, for a total value of SAR 28,268,481(excluding VAT). |
| Date of Announcement of the Award | 2026-09-27 Corresponding to 1448-04-16 |
| Contract Subject Matter | Subscription to Managed VMware Services (VCSP) |
| The Entity with Which the Contract was Signed | Rackspace Arabia for Information Technology Single LLC |
| Date of Signing the Contract | 2026-09-27 Corresponding to 1448-04-16 |
| Contract Value | SAR 28,268,481 (excluding VAT) |
| Contract Details | Provision of VMware cloud software licenses on a subscription basis, together with related support services from Rackspace, for the Company's cloud services. Fees are payable annually in advance. |
| Contract Duration | 42 months, from 1/10/2026 G corresponding to 20/4/1448 H to 31/3/2030 G corresponding to 27/11/1451 H. |
| Financial Impact and the Relevant Period | The financial impact will start to be reflected in the Company's financial statements from the second quarter of 2027 and over the contract duration. |
| Related Parties | None |
| Additional Information | For inquiries, please contact the Investor Relations Department during official working hours at: Phone: +966581822902 Email: IR@edaratgroup.com |
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