Riyadh - Mubasher: The equityholders of Atlas Elevators General Trading and Contracting Company approved a 50% capital hike through the distribution of bonus shares during the extraordinary general meeting held on 18 June 2026.
Following the transaction, the company’s capital will increase to SAR 90 million from SAR 60 million, while the total number of shares will increase to 9 million from 6 million, according to a bourse filing.
The raise will be financed through the capitalization of SAR 12.70 million from the share premium account and SAR 17.30 million from retained earnings.
Meanwhile, the shareholders will receive one bonus share for every two shares held.
The capital hike aims to support its strategic growth plans, finance future expansion opportunities, and reinforce its financial position.
Shareholders also approved amendments to the company’s Articles of Association related to capital and share subscription.
Eligibility for the bonus shares will be granted to shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date.
In early June, the Tadawul-listed company approved a cash dividend distribution of SAR 1 per share for 2025.
