| Element List | Explanation |
|---|---|
| Introduction | Axelerated Solutions for Information and Communication Technology Co. announces the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:00 PM on Wednesday, 03/06/2026, in person and through modern technology means. |
| City and Location of the General Assembly's Meeting | At the Company's headquarters in Riyadh, in person and through modern technology means. |
| Date of the General Assembly's Meeting | 2026-06-03 Corresponding to 1447-12-17 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 92.32% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Present: Mr. Abdullah Abdulaziz Ibrahim AlOsaili - Chairman Mr. Ahmed Abdulaziz Ibrahim AlOsaili - Deputy Chairman Mr. Yousif Abdulaziz Ibrahim AlOsaili – Board Member Mr. Abdullah Ali Abdullah AlAmeel - Board Member Mr. Mohammed Mousa AlOmari- Board Member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Abdullah Ali Alameel - Chairman of the Audit Committee Mr. Mohammed Mousa AlOmari - Chairman of the Nomination and Remuneration Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors’ Report for the fiscal year ended 31 December 2025 was reviewed and discussed. 2. The External Auditor’s Report for the fiscal year ended 31 December 2025 was approved after discussion. 3. The financial statements for the fiscal year ended 31 December 2025 were reviewed and discussed. 4. The Board of Directors’ recommendation to distribute cash dividends for the second half of 2025 amounting to SAR 11,200,000, at SAR 0.40 per share, was approved. Eligibility shall be for shareholders who own shares at the end of trading on the date of the General Assembly Meeting and are registered in the shareholders’ register maintained by the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. Dividend distribution shall commence on 17 June 2026. 5. The discharge of the members of the Board of Directors from liability for the fiscal year ended 31 December 2025 was approved. 6. The payment of SAR 580,000 as remuneration to the members of the Board of Directors for the fiscal year ended 31 December 2025 was approved. 7. The authorization of the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis during the fiscal year 2026 was approved. 8. The appointment of Sultan Ahmed Al-Shubaily Certified Public Accountants as the Company’s External Auditor was approved, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second and third quarters and the annual financial statements of the fiscal year 2026, and the first quarter of the fiscal year 2027, with total fees amounting to SAR 420,000. |
Axelerated Solutions for Information and Communication Technology Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Axelerated Solutions shareholders approved a cash dividend of SAR 11,200,000 (SAR 0.40 per share) for the second half of 2025, with distribution scheduled to begin on June 17, 2026.
- The Board of Directors was authorized to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year.
- Shareholders approved the 2025 financial statements, discharged board members from liability, and approved board remuneration totaling SAR 580,000.
- Sultan Ahmed Al-Shubaily Certified Public Accountants was appointed as the external auditor for the remainder of fiscal year 2026 and the first quarter of 2027 for a fee of SAR 420,000.
