Axelerated Solutions Board Recommends Buyback of 1M Shares
AXELERATED SOLUTIONS 9637.SA | 0.00 |
On August 26, 2026, Axelerated Solutions for Information and Communication Technology Co. announced its Board of Directors' recommendation, dated August 25, 2026, to seek Extraordinary General Assembly approval for a share buy-back of up to 1,000,000 ordinary shares. The purchased shares will be retained as treasury shares and allocated to employees under the Company's Employee Share Incentive Program. The buy-back will be financed entirely from the Company's internal resources, and upon repurchase, the shares will carry no voting rights at General Assembly meetings.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97798&anCat=1&cs=9637&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
