Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company has announced the results of its Ordinary General Assembly meeting, where shareholders approved a significant cash dividend distribution for the second half (H2) of 2025, according to a bourse disclosure.

The meeting was held on 3 June 2026 and saw a high level of investor participation with an attendance rate exceeding 92%.

Beyond the immediate dividend payout, the assembly granted the Board of Directors the authority to distribute interim dividends for the 2026 fiscal year and finalized the appointment of the company’s external auditors for the upcoming financial periods.

A central item on the agenda was the approval of the board’s recommendation for a cash dividend distribution totaling SAR 11.20 million for H2-25. This distribution equates to SAR 0.40 per share.

The assembly established that eligibility for these dividends is restricted to shareholders who owned the company’s stock at the close of trading on the day of the General Assembly. These shareholders must be registered in the company’s records at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date.

The company confirmed that the scheduled date for the commencement of dividend distribution is 17 June 2026.

In a move to provide ongoing value to investors, the assembly also voted to authorize the board to distribute interim dividends for the 2026 fiscal year. This authorization allows for payouts on either a quarterly or semi-annual basis, depending on the company’s financial position and strategic requirements throughout the year.

The assembly conducted a thorough review of the company’s financial performance for the year ended 31 December 2025.

Shareholders discussed and approved the board’s report, the audited financial statements, and the independent auditor’s report for that period. Following the approval of these financial disclosures, the assembly voted to discharge the board members from liability for their management during 2025.

Additionally, the shareholders approved a remuneration package for the board members totaling SAR 580,000 for their services during 2025.

Regarding future financial oversight, the assembly approved the appointment of Sultan Ahmed Al Shubaili, Certified Public Accountants and Auditors, as the company’s external auditor. This selection was made based on a recommendation from the Audit Committee. The firm is tasked with the review and audit of the financial statements for the second and third quarters of 2026, the annual financial statements for 2026, and the first quarter (Q1) of 2027. The total professional fees for this audit mandate were approved at SAR 420,000.

The successful ratification of all agenda items underscores the shareholders' alignment with the company’s governance and its strategy for capital allocation.

By securing the authority for interim dividends and finalizing the audit framework for the next four quarters, Axelerated Solutions has established a clear administrative and financial path for 2026.