Logo ofAxelerated Solutions for Information and Communication Technology Co.
In a statement to Tadawul, the company said its share count will double to 56 million from 28 million shares. The increase will be funded by capitalizing SAR 28 million from retained earnings, with shareholders receiving one bonus share for every share held. 
Capital increase details
Current capital
SAR 28 million
Current shares
28 million
Increase
100% (one bonus share for every share held)
Capital after increase
SAR 56 million
Shares after increase
56 million
Method
Capitalizing SAR 28 million from retained earnings
Purpose
Strengthening the company’s financial position and supporting its future expansion and growth plans
Eligibility
Oct. 13, 2026: Shareholders registered in the issuer’s shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date
Any fractional shares will be aggregated into a single portfolio, sold at market price, and the proceeds distributed to eligible shareholders pro rata based on their ownership within 30 days of determining the shares due to each shareholder, the company said.
The EGM also approved an amendment to the company’s bylaws to include a provision governing the purchase, sale and pledging of the company’s shares, as well as an employee share program (ESP). It also approved the purchase of up to one million of the company’s shares to be held as treasury shares for allocation to employees.
The company added that the treasury share purchase would be financed from its own resources. The board was authorized to complete the purchase within 18 months of the assembly’s resolution and retain the shares for up to five years pending their allocation to eligible employees.
In a separate statement, Tadawul announced that the price fluctuation limits for Axelerated Solutions’ stock would be calculated based on a reference price of SAR 10.94 for Wednesday’s trading session, with outstanding orders canceled.
Edaa will add the bonus shares to shareholders’ portfolios before trading begins on Sunday, Oct. 18.
Logo ofAxelerated Solutions for Information and Communication Technology Co.
In a statement to Tadawul, the company said its share count will double to 56 million from 28 million shares. The increase will be funded by capitalizing SAR 28 million from retained earnings, with shareholders receiving one bonus share for every share held.
Capital increase details
Current capital
SAR 28 million
Current shares
28 million
Increase
100% (one bonus share for every share held)
Capital after increase
SAR 56 million
Shares after increase
56 million
Method
Capitalizing SAR 28 million from retained earnings
Purpose
Strengthening the company’s financial position and supporting its future expansion and growth plans
Eligibility
Oct. 13, 2026: Shareholders registered in the issuer’s shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date
Any fractional shares will be aggregated into a single portfolio, sold at market price, and the proceeds distributed to eligible shareholders pro rata based on their ownership within 30 days of determining the shares due to each shareholder, the company said.
The EGM also approved an amendment to the company’s bylaws to include a provision governing the purchase, sale and pledging of the company’s shares, as well as an employee share program (ESP). It also approved the purchase of up to one million of the company’s shares to be held as treasury shares for allocation to employees.
The company added that the treasury share purchase would be financed from its own resources. The board was authorized to complete the purchase within 18 months of the assembly’s resolution and retain the shares for up to five years pending their allocation to eligible employees.
In a separate statement, Tadawul announced that the price fluctuation limits for Axelerated Solutions’ stock would be calculated based on a reference price of SAR 10.94 for Wednesday’s trading session, with outstanding orders canceled.
Edaa will add the bonus shares to shareholders’ portfolios before trading begins on Sunday, Oct. 18.
