On June 21, 2026, Atlas Elevators General Trading and Contracting Co. announced the results of its Extraordinary General Assembly meeting held on June 18, 2026, where shareholders approved a 50% capital increase through bonus share issuance. The company's capital will increase from SAR 60,000,000 to SAR 90,000,000, funded by capitalizing SAR 12,700,000 from share premium and SAR 17,300,000 from retained earnings, with shareholders receiving one bonus share for every two existing shares held. The meeting, attended by 59.00% of shareholders, also approved extending the treasury shares holding period for an additional 18 months until September 2, 2027. The capital increase aims to strengthen the company's strategic growth plan and support future expansion needs.

Original announcement:

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