Saudi Arabia's Capital Market Authority approved Atlas Elevators General Trading and Contracting Company's request to increase its capital from SAR 60 million to SAR 90 million by issuing one bonus share for every two existing shares held by shareholders registered in the shareholders registry at the Security Depository Center at the close of the second trading day after a due date to be set later by the company's board, with the increase funded by transferring SAR 17.3 million from retained earnings and SAR 12.7 million from share premium, raising outstanding shares from 6 million to 9 million, while requiring the extraordinary general assembly to be held within six months and the company to satisfy all applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2026-04-21
Saudi Arabia's Capital Market Authority approves Atlas Elevators capital increase to SAR 90 million through one for two bonus shares
The Saudi Arabia Capital Markets Authority approved Atlas Elevators General Trading and Contracting Company’s capital increase from SAR 60 million to SAR 90 million through issuing one bonus share for every two existing shares, funded by transfers from retained earnings and share premium. Outstanding shares will rise from 6 million to 9 million, with approval conditional on holding an extraordinary general assembly within six months and complying with applicable regulatory requirements and laws.