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Axelerated Solutions for Information and Communication Technology Co.
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- Software & Services
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- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
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Announcements
Corporate Actions
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Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| Total Assets |
297,343
|
217,008
|
- | - |
| Total Liabilities |
133,268
|
96,863
|
- | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
164,075
|
120,145
|
- | - |
| Total Liabilities and Shareholders Equity |
297,343
|
217,008
|
- | - |
| Statement of Income | 2024-12-31 | 2023-12-31 | ||
| Total Revenue (Sales/Operating) |
419,235
|
270,864
|
- | - |
| Net Profit (Loss) before Zakat and Tax |
52,741
|
42,238
|
- | - |
| Zakat and Income Tax |
-4,020
|
-3,407
|
- | - |
| Net Profit (Loss) after Zakat and Tax |
48,722
|
38,830
|
- | - |
| Total Comprehensive Income |
49,156
|
38,556
|
- | - |
| Profit (Loss) per Share |
1.97
|
1.55
|
- | - |
| Cash Flows | 2024-12-31 | 2023-12-31 | ||
| Net Cash From Operating Activities |
24,199
|
-8,009
|
- | - |
| Net Cash From Investing Activities |
-5,799
|
-356
|
- | - |
| Net Cash From Financing Activities |
-7,737
|
-4,970
|
- | - |
| Cash and Cash Equivalents, Beginning of the Period |
50,558
|
63,893
|
- | - |
| Cash and Cash Equivalents, End of the Period |
61,221
|
50,558
|
- | - |
| All Figures in | Thousands | Thousands | ||
| All Currency In | ^ | ^ | ||
| Last Update Date | 2025-06-02 | 2025-06-02 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | ||||
|---|---|---|---|---|
| Total Assets | ||||
| Total Liabilities | ||||
| Total Shareholders Equity (After Deducting the Minority Equity) | ||||
| Total Liabilities and Shareholders Equity | ||||
| Statement of Income | ||||
| Total Revenue (Sales/Operating) | ||||
| Net Profit (Loss) before Zakat and Tax | ||||
| Zakat and Income Tax | ||||
| Net Profit (Loss) after Zakat and Tax | ||||
| Total Comprehensive Income | ||||
| Profit (Loss) per Share | ||||
| Cash Flows | ||||
| Net Cash From Operating Activities | ||||
| Net Cash From Investing Activities | ||||
| Net Cash From Financing Activities | ||||
| Cash and Cash Equivalents, Beginning of the Period | ||||
| Cash and Cash Equivalents, End of the Period | ||||
| All Figures in | ||||
| All Currency In | ||||
| Last Update Date |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
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Company Profile
Company overview
Providing comprehensive IT services in infrastructure and cybersecurity to support the growth of businesses and the government sector. Its expertise includes data center infrastructure, cloud solutions, cybersecurity, system integration, and managed services. The company focuses on improving operational efficiency, enhancing productivity, and supporting digital transformation. The company serves multiple sectors such as telecommunications, financial services, healthcare, manufacturing, insurance, government, and retail. The company''s vision is to be the trusted partner for digital transformation solutions by delivering an exceptional customer experience and fostering long-term relationships with clients.
Company History
Axelerated Solutions for Information and communications Technology Company was established as a limited liability company under the name Axelerated Solutions for Information and communications Technology Company. pursuant to the Articles of Association documented by the Notary Public on 06/09/2015 and according to Commercial Registration No. 1010437776 dated 04/10/2015 issued in Riyadh with a capital of SAR 100,000 divided into 10,000 shares as cash contributions. On 09/08/2020 the partners approved an increase in the capital to SAR 1,000,000 and on 15/12/2021 the partners approved a further increase in the capital to SAR 25,000,000. On 08/09/2022 the partners unanimously approved the transformation of the company from a limited liability company to a closed joint stock company with a capital of SAR 25,000,000. The company was registered in the joint stock companies register under Ministerial Resolution No. 417 dated 28/06/2022 and Ministerial Resolution No. 1195 dated 28/08/2022 and according to Commercial Registration No. 1010437776 dated 04/10/2015 issued in Riyadh. On 13/07/2023the Extraordinary General Assembly approved a stock split reducing the nominal value of each share from SAR 10 to SAR 1 per share as a result the number of the company''s shares increased from 2,500,000 ordinary shares to 25,000,000 fully paid ordinary shares of equal nominal value of SAR 1 per share. On 08/06/2024 the company''s Extraordinary General Assembly approved an increase in the company''s capital from SAR 25,000,000 to SAR 28,000,000, divided into 28,000,000 ordinary shares each with a nominal value of SAR 1. This was achieved by issuing 3,000,000 new ordinary shares representing 10.71% of the company''s total shares after the offering and 12.00% of the company''s capital before the offering and offering the new shares for subscription in the Parallel Market to qualified investors. The current shareholders waved their preemptive rights to subscribe to the newly issued shares related to the offering.
Company Bylaws
Equity Profile
- Authorized Capital (^) 28,000,000
- Issued Shares 28,000,000
- Paid Capital (^) 28,000,000
- Par Value/Share 1
- Paid Up Value/Share 1
Last Update :2025-06-01
Investment limits
There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Sara Alkhathlan
Company Address:
Riyadh, Al-Muhammadiyah District, King Abdullah bin Abdulaziz Branch Road, Postal Code 12361, Additional Number 6858, Building No.
5000 Kingdom of Saudi Arabi
Contact Details:
Telephone:
0112845700
Fax
: 0112845700
Email
: info@axs.sa
Company Website:
| Name Of Subsidiary | Percentage Of Property | Main Business | Location Of Operation | Country Of Operation |
|---|---|---|---|---|
| Alpha Systems Information Technology Company | 100.00% | Managed, Operational, and Professional Services | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
| Wadi Al-Jarar Software Solutions Company | 51.00% | Business Solutions Development, Software, and Licensing | The Hashemite Kingdom of Jordan | The Hashemite Kingdom of Jordan |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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