Riyadh - Sharikat Mubasher: Axelerated Solutions Company for Communications and Information Technology (AXS) signed an agreement with BIM Capital during LEAP 2026 to establish a private, closed-ended, Shariah-compliant investment fund with a target size of SAR 675 million, to be managed by BIM Capital.

The fund, named ‘BIM Capital DC-Infrastructure Fund,’ is designed to develop, own, and operate two Tier III data centers ready for artificial intelligence workloads, each with a capacity of 10 MW, expandable to 20 MW per center, AXS revealed in a bourse filing yesterday.

AXS will be responsible for design and construction works under a fixed lump-sum engineering, procurement, and construction (EPC) contract with the BIM Capital DC-Infrastructure Fund; managing and operating facilities once the project is completed; and supporting the marketing and leasing of project capacity.

LEAP2026 takes place from 31 August to 3 September under the theme “Into New Worlds,” bringing together thousands of companies, startups, investors, and technology experts. It is expected to attract more than 1,000 global speakers and experts, 1,800 technology companies, 600 startups, and 1,900 investors and venture capital representatives.