Saudi Arabia Capital Markets Authority approved Axelerated Solutions for Information and Communication Technology Company's request to increase its capital to SAR 56 million from SAR 28 million through a one-for-one bonus share issue funded by transferring SAR 28 million from retained earnings, raising outstanding shares to 56 million from 28 million, with the extraordinary general assembly required within six months and the company required to meet all applicable regulatory and legal requirements.
Saudi Arabia Capital Markets Authority2026-07-09
Saudi Arabia Capital Markets Authority approves Axelerated Solutions capital increase to SAR 56 million via one for one bonus issue
Saudi Arabia Capital Markets Authority approved Axelerated Solutions for Information and Communication Technology Company's plan to double its capital to SAR 56 million from SAR 28 million through a one-for-one bonus share issue funded from retained earnings, subject to an extraordinary general assembly within six months and compliance with applicable requirements.