Axelerated Solutions Proposes 100% Capital Increase via Bonus Shares
AXELERATED SOLUTIONS 9637.SA | 0.00 |
On May 7, 2026, Axelerated Solutions for Information and Communication Technology Co.'s Board of Directors recommended a 100% capital increase through bonus shares to the Extraordinary General Assembly. The proposal involves capitalizing SAR 28,000,000 from retained earnings, doubling the capital from SAR 28,000,000 to SAR 56,000,000 and increasing shares from 28,000,000 to 56,000,000. Each shareholder will receive one bonus share for every share owned, with the initiative aimed at strengthening the company's financial position, enhancing competitiveness, and supporting future growth and expansion plans.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95092&anCat=1&cs=9637&locale=arImportant 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.
