Element List	Explanation
Introduction	Axelerated Solutions for Information and Communication Technology Co. Announces that its Board of Directors has issued a resolution recommending to the Extraordinary General Assembly an increase of the company’s capital by 100% through granting bonus shares to shareholders, by capitalizing SAR 28,000,000 from retained earnings. Each shareholder will be granted one bonus share for every share owned.
Date of Board Meeting	2026-05-07 Corresponding to 1447-11-20
Capital before increase	28,000,000
Capital after increase	56,000,000
Percentage of Capital increase	100 %
Number of shares before Capital increase	28000000
Number of shares after Capital increase	56000000
Reasons for the increase	This measure aims to strengthen the Company’s financial position, enhance its competitiveness, and support its future growth and expansion plans.
Number of Shares Granted per Exiting Share	1bonus share for every 1 owned share
Nature and Value of Reserves Used in the Capitalization	The capital increase will be carried out through Capitalization of SAR 28,000,000 from retained earnings.
Eligibility Date	Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date
Fractional Shares	Fractional shares will be aggregated, sold in the market, and proceeds distributed to shareholders proportionally within 30 days
Approvals	The capital increase is subject to obtaining the approval of the competent authorities and the Extraordinary General Assembly. Any material developments will be announced in due course.