Logo of Atlas Elevators General Trading and Contracting Co.
Atlas Elevators General Trading and Contracting Co. said its shareholders approved on June 18 the board of directors’ recommendation to increase the company’s capital by 50% through a bonus share distribution. This will be carried out by capitalizing SAR 12.7 million from the offering premium account and SAR 17.3 million from retained earnings, as shown in the following table: 
Capital Increase Details
Current capital
SAR 60 mln
No. of Shares
6 mln
New Capital
SAR 90 mln
Number of Shares
9 mln
Percentage of Increase
50%
Reason
To strengthen the strategic growth plan, meet future expansions, and enhance the company’s solvency and strong financial position
Bonus Shares
One bonus share for every two existing shares
Method
Capitalizing SAR 12.7 million from the share premium account and SAR 17.3 million from retained earnings
Record Date
June 18, 2026, shareholders of record and those registered with Edaa at the end of the second trading day following the record date
Fractional shares, if any, will be compiled into one portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.
Shareholders also approved the board’s proposal to extend the period for retaining treasury shares by an additional 18 months. On March 3, 2024, shareholders previously approved the repurchase of up to 300,000 of its shares, to be retained as treasury shares for 24 months from the date of the EGM approval until March 2, 2026.
The repurchased shares will be retained for a maximum additional period of 18 months, starting from the end of the previous period until September 2, 2027, in accordance with Article 24 of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.
Separately, Saudi Tadawul announced that the daily fluctuation limit for the company’s share was calculated based on a price of SAR 9.99 for today, Sunday, June 21, 2026, and all outstanding orders canceled. The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Tuesday, June 23, 2026.
Logo of Atlas Elevators General Trading and Contracting Co.
Atlas Elevators General Trading and Contracting Co. said its shareholders approved on June 18 the board of directors’ recommendation to increase the company’s capital by 50% through a bonus share distribution. This will be carried out by capitalizing SAR 12.7 million from the offering premium account and SAR 17.3 million from retained earnings, as shown in the following table:
Capital Increase Details
Current capital
SAR 60 mln
No. of Shares
6 mln
New Capital
SAR 90 mln
Number of Shares
9 mln
Percentage of Increase
50%
Reason
To strengthen the strategic growth plan, meet future expansions, and enhance the company’s solvency and strong financial position
Bonus Shares
One bonus share for every two existing shares
Method
Capitalizing SAR 12.7 million from the share premium account and SAR 17.3 million from retained earnings
Record Date
June 18, 2026, shareholders of record and those registered with Edaa at the end of the second trading day following the record date
Fractional shares, if any, will be compiled into one portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.
Shareholders also approved the board’s proposal to extend the period for retaining treasury shares by an additional 18 months. On March 3, 2024, shareholders previously approved the repurchase of up to 300,000 of its shares, to be retained as treasury shares for 24 months from the date of the EGM approval until March 2, 2026.
The repurchased shares will be retained for a maximum additional period of 18 months, starting from the end of the previous period until September 2, 2027, in accordance with Article 24 of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.
Separately, Saudi Tadawul announced that the daily fluctuation limit for the company’s share was calculated based on a price of SAR 9.99 for today, Sunday, June 21, 2026, and all outstanding orders canceled. The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Tuesday, June 23, 2026.
