Atlas Elevators Wins SAR 2.5M Contract for 34 Elevators

ATLAS ELEVATORS 0.00%

ATLAS ELEVATORS

9578.SA

16.00

0.00%

Atlas Elevators General Trading and Contracting Co. announced on October 16, 2025, that it signed a contract with Rawaf bin Salman Al Rawaf Company on October 15, 2025, to supply and install 34 elevators for the Dar Taiba Project in Medina. The contract is valued at 2,494,680 Saudi Riyals including VAT. The supply period is 4 months from the contract date, with installation taking 3 months from receipt of elevator shafts, and is expected to positively impact the company's financial results.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90741&anCat=1&cs=9578&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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