Axelerated Solutions for Information and Communication Technology Co. Announces the Capital Market Authority's Approval of the company's request to increase its capital.

AXELERATED SOLUTIONSTadawulJuly 12, 2026View on exchange

AI Summary

Axelerated Solutions for Information and Communication Technology received CMA approval on July 9, 2026, to increase its capital by 100%.
The company’s capital will double from SAR 28,000,000 to SAR 56,000,000 through the issuance of bonus shares.
Shareholders will be granted one bonus share for every one existing share owned.
Eligibility applies to shareholders registered at the end of the second trading day following a due date to be determined later by the Board of Directors.

Element List	Explanation
Announcement Detail	Axelerated Solutions for Information and Communication Technology Company is pleased to announce to its valued shareholders that it has received the Capital Market Authority's approval dated 24/01/1448H corresponding to 09/07/2026 on the Company's request to increase its capital from SAR (28,000,000) to SAR (56,000,000), representing a 100% capital increase, through the issuance of one (1) bonus share for every one (1) existing share owned by the shareholders who are registered in the shareholders' registry at the Securities Depository Center as of the closing of the second trading day after the due date, which will be determined later by the Company's Board of Directors. For further information or inquiries, please contact the Investor Relations Department via the following email: bod@axs.sa

Element List

Explanation

Announcement Detail

Axelerated Solutions for Information and Communication Technology Company is pleased to announce to its valued shareholders that it has received the Capital Market Authority's approval dated 24/01/1448H corresponding to 09/07/2026 on the Company's request to increase its capital from SAR (28,000,000) to SAR (56,000,000), representing a 100% capital increase, through the issuance of one (1) bonus share for every one (1) existing share owned by the shareholders who are registered in the shareholders' registry at the Securities Depository Center as of the closing of the second trading day after the due date, which will be determined later by the Company's Board of Directors.

For further information or inquiries, please contact the Investor Relations Department via the following email:

bod@axs.sa