An unknown buyer acquired 25% stake in Edarat Communication and Information Technology Co. (SASE : 9557) from Al Moammar Information Systems Company for approximately SAR 62 million on March 28, 2024. Al Moammar Information Systems Company sold 126,000 shares of Edarat shares through private transactions at a price of SAR 488.02 per share. This transaction resulted in capital gains of SAR 57,587,719. The positive financial impact will appear in the first quarter of 2024. This transaction represents 25% of Al Moammar Information Systems Company's ownership in Edarat Company, which will then become 30% of Al Moammar Information Systems Company's ownership in Edarat Communications and Information Technology Company.

An unknown buyer completed the acquisition of 25% stake in Edarat Communication and Information Technology Co. (SASE : 9557) from Al Moammar Information Systems Company for approximately SAR 62 million on March 28, 2024.