Axelerated Solutions for Information and Communication Technology Co. announces the signing of a preliminary Memorandum of Understanding with Al Wathiqa Al Masiya Closed Joint Stock Company (Diamond Insurance Broker) regarding the investment in the Shaheen Electronic Insurance Broker Platform.

Element List	Explanation
Memorandum Signing Date	2026-06-01 Corresponding to 1447-12-15
Counterparty	Al Wathiqa Al Masiya Closed Joint Stock Company " Diamond Insurance Broker "
Memorandum Subject	Axelerated Solutions for Information and Communication Technology Co. intends to invest in the Shaheen Electronic Insurance Broker Platform in exchange for acquiring a 30% ownership stake in the platform. The final investment decision is subject to the completion of due diligence procedures, negotiation and execution of the relevant definitive agreements, and obtaining the necessary approvals, if any.
Memorandum Duration	The Memorandum does not specify a fixed term and shall remain in effect until the completion of due diligence procedures and negotiation of the relevant definitive agreements, or as otherwise agreed by the parties.
Related Parties	None.
Financial Impact	The financial impact of the investment will be determined upon completion of the required procedures and execution of the relevant definitive agreements.
Additional Information	This Memorandum does not create any legally binding obligation to complete the transaction until the execution of the relevant definitive agreements, and the Company will announce any material developments in this regard in due course.