Saudi Arabia’s Etihad Atheeb Telecommunication Co. (GO Telecom) has finalized the acquisition of a 51% stake in Ejad Tech Co. for Information Technology, a company specializing in IT services and digital transformation consulting. The deal, valued at SAR 86.7 million (approximately $23.12 million), supports GO Telecom’s strategic goal to diversify and broaden its business operations.
The acquisition process, including ownership transfer and regulatory approvals, was completed on June 22, 2025. GO Telecom has already paid nearly half of the transaction value (SAR 40 million), with the remaining balance to be settled in two instalments—SAR 23.7 million by the end of 2025 and SAR 23 million by the end of 2026.
