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Element List	Explanation
Announcement Detail	Axelerated Solutions for Information and Communication Technology Company announces that its Board of Directors approval on 05 March 2026 (corresponding to 16 Ramadan 1447H) entering into a partnership agreement with Madfouati smart Company for the development and operation of a platform, pursuant to which the Company will acquire a 20% equity stake for a total consideration of SAR 400,000. This step comes in line with the Company’s strategic objectives and vision for growth and expansion through qualitative partnerships and strategic investments in its business. The Partnership Agreement for the Development and Operation of the Platform with Madfouati smart Company was signed on 05 March 2026 (corresponding to 16 Ramadan 1447H) between Smart Madfouati Company and Axelerated Solutions for Information and Communication Technology Company. The Company will announce any material developments related to this matter in due course.

Element List

Explanation

Announcement Detail

Axelerated Solutions for Information and Communication Technology Company announces that its Board of Directors approval on 05 March 2026 (corresponding to 16 Ramadan 1447H) entering into a partnership agreement with Madfouati smart Company for the development and operation of a platform, pursuant to which the Company will acquire a 20% equity stake for a total consideration of SAR 400,000.

This step comes in line with the Company’s strategic objectives and vision for growth and expansion through qualitative partnerships and strategic investments in its business.

The Partnership Agreement for the Development and Operation of the Platform with Madfouati smart Company was signed on 05 March 2026 (corresponding to 16 Ramadan 1447H) between Smart Madfouati Company and Axelerated Solutions for Information and Communication Technology Company.

The Company will announce any material developments related to this matter in due course.

Axelerated Solutions for Information and Communication Technology Co announce by the company regarding the Board of Directors approval of a partnership agreement for the development and operation of a platform with Madfouati smart Company to acquire a 20% stake for a total value of SAR 400,000.