{
  "id": 13932417,
  "title": "EDARAT ORDERS 127.5 MILLION SAR IN CLOUD AND GPU EQUIPMENT TO EXPAND EDARATCLOUD STACK",
  "url": "https://urgent.news/2026/10/12/edarat-orders-127-5-million-sar-in-cloud-and-gpu-equipment-to-expand",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T10:25:49.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/12/edarat-orders-127-5-million-sar-cloud-gpu-equipment-edaratcloud-stack/"
  },
  "original_language": "en",
  "account": "Edarat Communication and Information Technology Co. (EDARAT) has placed a significant purchase order for cloud infrastructure and GPU computing equipment valued at 127,539,553 SAR (excluding VAT). The order, dated September 16, 2026, follows a Board of Directors approval on September 9, 2026, to expand the company's EdaratCloud Stack platform. Supplier Aklaniat Technologies Ltd. is set to deliver the equipment in five phases over six months. EDARAT will fund the purchase through a combination of vendor financing and bank facilities, with executive management empowered to finalize all contractual and financial procedures. The assets will be recognized in EDARAT's financial statements beginning Q4 2026 and will be depreciated over a five-year period. This substantial capital investment underscores EDARAT's strategic focus on expanding its GPU computing capacity and cloud infrastructure footprint, positioning the company ahead of the accelerating demand for GPU computing across cloud and AI workloads in the region.",
  "summary": "Riyadh, Saudi Arabia — Edarat Communication and Information Technology Co. (EDARAT) has issued a purchase order for cloud infrastructure and GPU computing equipment worth 127,539,553 SAR, excluding VAT. The order, placed on September 16, 2026, aligns with a Board of Directors resolution from September 9, 2026, approving a strategic expansion of the company’s EdaratCloud Stack […] The post EDARAT…",
  "key_points": [
    "Purchase order approved by Board of Directors on September 9, 2026.",
    "Equipment to be delivered in five phases over six months."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}