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Edarat Communication and Information Technology Co. has signed a three-year framework agreement with Saudi Energy Company (SE) to provide design, construction supervision, testing, and commissioning services for data center projects. The contract's financial value will be determined through individual work orders issued under the agreement, with no immediate financial impact until these orders are executed. The company confirmed no related-party involvement and pledged to disclose material updates. This partnership aligns with Saudi Arabia's Vision 2030 goals to expand digital infrastructure and diversify the economy. For traders, the contract signals Edarat's growing role in the kingdom's tech sector, potentially boosting its stock performance if work orders materialize. Investors should monitor future disclosures about work order values and project timelines, as these could influence market sentiment and equity valuations.
