Riyadh, Saudi Arabia — GO Telecom, formally known as Etihad Atheeb Telecommunications Company, has completed its acquisition of a 51% stake in EjadTech for Information Technology for SAR 86.7 million. The move marks a strategic expansion into Saudi Arabia’s growing digital transformation sector.
GO Telecom EjadTech acquisition aligned with digital growth
In a Tadawul filing on Monday, GO Telecom announced the acquisition, finalized on June 22, 2025. The deal supports the company’s new corporate strategy to grow its business base through targeted acquisitions and entry into high-growth sectors.
EjadTech specializes in IT services and digital transformation consulting. The Saudi firm ranks among the Kingdom’s leading technology companies and is recognized as one of the top five providers in the Middle East for developing localized digital transformation solutions.
The company delivers integrated digital services, applying global best practices to ensure project governance and institutional excellence.
Deal structure and expected financial impact
GO Telecom will finance the SAR 86.7 million acquisition entirely from internal resources. Payment terms follow a staged approach:
- The company paid SAR 40 million upon signing and closing the deal on March 27, 2025.
- Another SAR 23.7 million is due by year-end 2025, contingent on achieving agreed targets.
- A final SAR 23 million will be paid by the end of 2026, subject to additional performance milestones.
GO Telecom expects the financial impact of the acquisition to appear starting in Q3 2024, covering the period ending December 31, 2024.
The Saudi Standard’s View: Saudi Telecoms Enter Digital Transformation
GO Telecom’s acquisition of EjadTech highlights how Saudi telecom operators are accelerating their shift toward high-value digital services. As demand for digital transformation increases under Vision 2030, more operators are expanding beyond traditional telecom offerings to tap into IT consulting, integrated solutions, and digital project governance.
EjadTech adds specialized expertise that strengthens Saudi Arabia’s digital capabilities. Its proven track record in localized solutions positions GO Telecom to compete more effectively while supporting national digital economy goals.
The structured, performance-based deal shows disciplined capital deployment. This approach ensures that future payments align with growth targets and shareholder returns. If integration proceeds as planned, GO Telecom could gain meaningful scale and greater technological leadership across the Kingdom.
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