Axelerated Solutions for Information and Communication Technology Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors Axelerated Solutions Company is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which is scheduled to be held via modern technology at exactly (18:30) on Monday, 05/05/1447 AH corresponding to 27/10/2025 AD. |
| City and Location of the General Assembly's Meeting | Via modern technology means, At the company’s headquarters in Riyadh, Al-Muhammadiyah District, King Abdullah bin Abdulaziz Branch Road |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-10-27 Corresponding to 1447-05-05 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article (26) of the company’s Articles of Association, the legal quorum required to hold an Extraordinary General Assembly meeting is the presence of shareholders representing at least half (50%) of the company’s shares with voting rights. If the quorum is not met, a second meeting will be held one hour after the time scheduled for the first meeting. The second meeting will be valid if shareholders representing at least a quarter (25%) of the company’s shares with voting rights are present. |
| General Assembly Meeting Agenda | 1-Voting on the addition of an article to the company’s Articles of Association under number (thirty-fifth) concerning (profit distribution) (attached).
2-Voting on the amendment of an article from the company’s Articles of Association under number (thirteenth) concerning (company management) (attached).
3-Voting on the Board of Directors’ recommendation to transfer the statutory reserve amounting to 6,307,368 as in the financial statements ending on 2025-06-30 (six months) to the retained earnings balance.
4-Voting on the Board of Directors’ recommendation to distribute cash dividends in the amount of (8,400,000) Saudi Riyals to shareholders for the financial period ending (30-06-2025), at a rate of 0.30 Saudi Riyal per share. Entitlement will be for shareholders who own shares at the end of the trading day of the General Assembly meeting and who are registered in the Company’s shareholders register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. Dividend distribution will begin on Tuesday, (11-11-2025). (This is subject to the approval of the first item regarding amending the Articles of Association.)
5-Voting on the Remuneration and Nominations Committee Charter (attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the General Assembly agenda and direct questions to the members of the Board of Directors. Voting in the Tadawulaty services is available free of charge to all shareholders using the following link: http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote electronically remotely on the assembly’s items starting from 1:00 AM on Thursday 01-05-1447 AH corresponding to 23-10-2025 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | We are pleased to receive your inquiries by contacting Shareholder Relations via the following communication methods:
Phone: 0112845700 ext. 799-730 or email: [email protected] |
| Attached Documents | |
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