Atlas Elevators’ board of directors also recommended a 50% capital increase through a 1-for-2 bonus share issue.
Atlas Elevators General Trading Contracting Co.’sboard of directors recommended, on March 9, a 10% cash dividend (SAR 1 a share) for 2025, according to a statement toTadawul. 
Dividends Details (2025)
Current Capital
SAR 58.5 mln
Number of Shares
5.85 mln
Total Dividends
SAR 5.85 mln
Percentage of Capital
10% (SAR 1 a share)
Record Date
Shareholders registered with the Securities Depository Center (Edaa)at the end of the second trading day following the record date
Payment Date
To be determined
In a separate statement, the company said its board of directors recommended a 50% capital increase through a 1-for-2 bonus share issue.
The process will be financed through capitalizing SAR 12.7 million from the share premium balance and SAR 17.3 million from the retained earnings account.
Capital Increase Details
Current Capital
SAR 60 mln
Current Number of Shares
6 mln
New Capital
SAR 90 mln
New Number of Shares
9 mln
Proposed Increase
50%
Reason
To strengthen the company’s strategic growth plan, meet its future expansion needs and aspirations, and emphasize its financial solvency and strong financial position.
Number of Shares Granted
1share for every 2 shares held
Method
Capitalizing SAR 12.7 million from the share premium balance and SAR 17.3 million from the retained earnings account
Record Date
Shareholders of record on day of extraordinary general meeting (EGM) that approves the capital hike and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date
Fractional shares, if any, will be compiled into a single portfolio for all shareholders,and will besold atmarket price. Their valuewill bedistributed to eligible shareholders pro rata within a period not exceeding 30 days.
The capital increase and issuance of bonus shares are subject to obtaining the necessary approvals from the relevant regulatory authorities and the company’s EGM, the statement added.
Atlas Elevators’ board of directors also recommended a 50% capital increase through a 1-for-2 bonus share issue.
Atlas Elevators General Trading Contracting Co.’sboard of directors recommended, on March 9, a 10% cash dividend (SAR 1 a share) for 2025, according to a statement toTadawul.
Dividends Details (2025)
Current Capital
SAR 58.5 mln
Number of Shares
5.85 mln
Total Dividends
SAR 5.85 mln
Percentage of Capital
10% (SAR 1 a share)
Record Date
Shareholders registered with the Securities Depository Center (Edaa)at the end of the second trading day following the record date
Payment Date
To be determined
In a separate statement, the company said its board of directors recommended a 50% capital increase through a 1-for-2 bonus share issue.
The process will be financed through capitalizing SAR 12.7 million from the share premium balance and SAR 17.3 million from the retained earnings account.
Capital Increase Details
Current Capital
SAR 60 mln
Current Number of Shares
6 mln
New Capital
SAR 90 mln
New Number of Shares
9 mln
Proposed Increase
50%
Reason
To strengthen the company’s strategic growth plan, meet its future expansion needs and aspirations, and emphasize its financial solvency and strong financial position.
Number of Shares Granted
1share for every 2 shares held
Method
Capitalizing SAR 12.7 million from the share premium balance and SAR 17.3 million from the retained earnings account
Record Date
Shareholders of record on day of extraordinary general meeting (EGM) that approves the capital hike and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date
Fractional shares, if any, will be compiled into a single portfolio for all shareholders,and will besold atmarket price. Their valuewill bedistributed to eligible shareholders pro rata within a period not exceeding 30 days.
The capital increase and issuance of bonus shares are subject to obtaining the necessary approvals from the relevant regulatory authorities and the company’s EGM, the statement added.
