Al Moammar Adds Edarat as 40% Partner in Data Center Subsidiary

MIS

MIS

7200.SA

0.00

Al Moammar Information Systems Co. announced on April 27, 2026 an update regarding its previously disclosed plan to establish a wholly owned subsidiary specializing in data center management and operations. The company reported that Edarat Communications and Information Technology Company has entered as a 40% partner in the National Data Center Excellence Company (LLC), reducing Al Moammar's ownership from 100% to 60%. The regulatory procedures for this partnership structure were completed on April 27, 2026, following the original announcement made on October 7, 2025.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94705&anCat=1&cs=7200&locale=ar

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