Logo of Axelerated Solutions for Information and Communication Technology Co.
Axelerated Solutions Co.’s board of directors recommended the purchase of up to 1 million ordinary shares to be allocated to the company’s employee incentive share program. 
According to a statement to Tadawul, the purchased shares will be held as treasury shares and allocated to employees under the program, noting that such shares will not hold any voting rights.
The company currently holds no treasury shares, and the purchase will be financed through its own resources.
The transaction remains subject to the shareholders’ approval and compliance with the solvency requirements stipulated in the implementing regulations of the Companies Law for listed joint-stock companies.
According to Argaam data, the targeted shares represent 3.57% of the company’s total 28 million shares.
Logo of Axelerated Solutions for Information and Communication Technology Co.
Axelerated Solutions Co.’s board of directors recommended the purchase of up to 1 million ordinary shares to be allocated to the company’s employee incentive share program.
According to a statement to Tadawul, the purchased shares will be held as treasury shares and allocated to employees under the program, noting that such shares will not hold any voting rights.
The company currently holds no treasury shares, and the purchase will be financed through its own resources.
The transaction remains subject to the shareholders’ approval and compliance with the solvency requirements stipulated in the implementing regulations of the Companies Law for listed joint-stock companies.
According to Argaam data, the targeted shares represent 3.57% of the company’s total 28 million shares.
