Published on June 2026
Axelerated Solutions for Communications and Information Technology announced the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:00 PM on Wednesday, June 3, 2026, in person at the Company’s headquarters in Al Mohammadiyah District, Riyadh, on King Abdullah Bin Abdulaziz Branch Road, as well as remotely via modern technology means.
The meeting recorded a quorum of 92.32%.
The meeting was attended by the following Board members:
Mr. Abdullah bin Abdulaziz Al Osaili – Chairman of the Board
Mr. Ahmed bin Abdulaziz Al Osaili – Vice Chairman of the Board
Mr. Youssef bin Abdulaziz Al Osaili – Board Member
Mr. Abdullah bin Ali Abdullah AlAmeel – Board Member
Mr. Mohammed bin Musa Al Omari – Board Member
The chairpersons of the committees were also present:
Mr. Abdullah bin Ali Abdullah AlAmeel – Chairman of the Audit Committee
Mr. Mohammed bin Musa Al Omari – Chairman of the Nomination and Remuneration Committee
The voting results on the agenda items were as follows:
The Board of Directors’ report for the fiscal year ended December 31, 2025, was reviewed and discussed.
The external auditor’s report for the fiscal year ended December 31, 2025, was approved after discussion.
The financial statements for the fiscal year ended December 31, 2025, were reviewed and discussed.
Approval of the Board’s recommendation to distribute cash dividends for the second half of 2025 amounting to SAR 11,200,000, at SAR 0.40 per share. The entitlement to dividends shall be for shareholders holding shares at the end of trading on the day of the General Assembly, and registered in the Company’s shareholders register with the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date. Dividend distribution will commence on Wednesday, June 17, 2026.
Approval of discharging the members of the Board of Directors from liability for the fiscal year ended December 31, 2025.
Approval of remunerating the Board members with a total amount of SAR 580,000 for the fiscal year ended December 31, 2025.
Approval to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2026.
Approval of the appointment of Sultan Ahmed Al Shebili Certified Public Accountants as the Company’s external auditor, based on the Audit Committee’s recommendation, to review, audit, and examine the financial statements for the second, third, and annual periods of 2026, and the first quarter of 2027, for a total fee of SAR 420,000.
