Edarat logo pictured, as it will own 40% of the National Excellence Co. and MIS will retain a 60% stake
Edarat Communication and Information Technology Co.’s board of directors approved the acquisition of a 40% stake in National Excellence Company for Data Centers through subscribing in the latter’s capital increase with a sum of SAR 400,000, according to a statement to Tadawul. 
National Excellence Company for Data Centers is wholly owned by Al Moammar Information Systems Co. (MIS).
The ownership structure will be as follows; MIS will maintain 60% of the National Excellence Co., while Edarat will own the remaining 40%.
The transaction will be financed through internal resources, the statement added.
This investment represents a promising opportunity to enter the data center management and operations sector, thereby strengthening Edarat’s market position and supporting its future business growth.
MISannounced on Tuesdaythat its board approved Edaratjoining as a partnerin its subsidiary. MISowns 1.51 million sharesin Edarat, representing 30% of its share capital, according to data available on Argaam.
Edarat logo pictured, as it will own 40% of the National Excellence Co. and MIS will retain a 60% stake
Edarat Communication and Information Technology Co.’s board of directors approved the acquisition of a 40% stake in National Excellence Company for Data Centers through subscribing in the latter’s capital increase with a sum of SAR 400,000, according to a statement to Tadawul.
National Excellence Company for Data Centers is wholly owned by Al Moammar Information Systems Co. (MIS).
The ownership structure will be as follows; MIS will maintain 60% of the National Excellence Co., while Edarat will own the remaining 40%.
The transaction will be financed through internal resources, the statement added.
This investment represents a promising opportunity to enter the data center management and operations sector, thereby strengthening Edarat’s market position and supporting its future business growth.
MISannounced on Tuesdaythat its board approved Edaratjoining as a partnerin its subsidiary. MISowns 1.51 million sharesin Edarat, representing 30% of its share capital, according to data available on Argaam.
