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Accelerated Solutions profit drops 73% in early 2026
Accelerating Solutions for Communications and Information Technology recorded a 73.09% decline in its profits during the first half of 2026, accompanied by a 32.14% decrease in total sales and revenues, which fell to 182.67 million Saudi riyals. This was driven by lower revenues in the services and licensing sectors, as well as delays in major projects. Despite the decline in profits, shareholders' equity experienced a slight growth of 2.75%, reaching 282.52 million riyals, with assurances of the financial statements' accuracy and no material reservations.
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