CMA nods for Axelerated Solutions 100% capital hike

AXELERATED SOLUTIONS
9637 -0.31% 25.60 -0.08

Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company has received approval from the Capital Market Authority (CMA) to increase its capital by 100%.

The company received the regulatory notification on 9 July 2026 regarding the transition of its capital from SAR 28 million to SAR 56 million, according to a bourse filing.

The capital hike will be executed through the issuance of bonus shares, granting 1 free share for every 1 existing share held by registered shareholders.

Eligibility for the issuance will be determined by the position of shareholders in the register at the Securities Depository Center at the end of the second trading day following the eligibility date.

The company’s Board of Directors will determine the specific eligibility date at a later time. This expansion is intended to support the company's financial position and growth objectives.

Axelerated Solutions confirmed that the increase is subject to the approval of the extraordinary general assembly and the completion of necessary legal requirements.

The Saudi firm recently extended its SAR 70 million Sharia-compliant banking facilities agreement with Saudi Awwal Bank (SAB).

Source: Mubasher Source: {{details.article.source}}