Atlas Elevators General Trading and Contracting Company
"Sector" = median of Industrials across 131 companies
About Atlas Elevators General Trading and Contracting Company
AI-generatedAtlas Elevators General Trading and Contracting Company is a Saudi-based industrial distributor specializing in elevator and escalator solutions. The company provides sales, installation, maintenance, and modernization services for vertical transportation systems. It serves commercial, residential, and industrial buildings, offering a range of products including passenger elevators, freight elevators, and escalators. The company operates under the ticker 9578 on the Saudi Exchange.
Atlas Elevators generates revenue primarily from the sale and installation of new elevator and escalator systems, as well as recurring maintenance and repair contracts. The company also earns from modernization and upgrade projects for existing installations. Its business model focuses on long-term service agreements that provide stable cash flows. The recent strong earnings growth (297% YoY) suggests improved operational efficiency or a large project completion.
The company operates in the industrial distribution sector, specifically within the niche of vertical transportation equipment. It competes with both global players like Otis and Kone and local Saudi firms. Its competitive positioning is supported by a low PE ratio (9.49) and a high dividend yield (8.93%), indicating value-oriented characteristics. The company's gross margin of 37.02% and operating margin of 11.20% reflect a moderately profitable operation within the industry.
Atlas Elevators primarily serves the Saudi Arabian market, targeting building owners, real estate developers, facility managers, and government entities. Its customer base includes commercial offices, residential complexes, hospitals, hotels, and industrial facilities. The company's focus on the domestic market aligns with Saudi Arabia's construction and infrastructure growth under Vision 2030. The high dividend yield may appeal to income-focused investors.
An auto-generated descriptive profile based on company data, for informational purposes only.
Atlas Elevators stock dropped sharply by 8.63% in the past 24 hours, closing at 15.57 SAR. The decline follows the company's announcement of an ordinary general assembly meeting (first meeting) results on June 4, 2026. Additionally, the company had previously called for an extraordinary general assembly to discuss a capital increase on May 6, 2026. The market appears to be reacting to these corporate events, with investors possibly concerned about dilution or other implications of the capital increase.
- •Stock price dropped 8.63% in one day to 15.57 SAR.
- •Company announced results of ordinary general assembly meeting on June 4, 2026.
- •Extraordinary general assembly called for capital increase on May 6, 2026.
- •Reminder of electronic voting for ordinary general assembly on May 31, 2026.
Dividend history
Cash dividends by ex-date, not an investment recommendation.
| Ex-date | Amount | Payment date | Period |
|---|---|---|---|
| Oct 12, 2025 | 0.50 SAR | — | — |
| Oct 9, 2025 | 0.50 SAR | — | — |
| May 14, 2025 | 0.50 SAR | — | — |
| May 30, 2024 | 0.50 SAR | — | — |
| Oct 29, 2023 | 0.50 SAR | — | — |
Atlas Elevators General Trading and Contracting Company (9578) analysis
Wrqti brings Atlas Elevators General Trading and Contracting Company data into one page covering available price, financial statements, valuation ratios, margins, cash-flow metrics, news, and alerts. This page helps you understand the numbers and is not a buy or sell recommendation.
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