What is the source of funding for the capital increase?

The increase will be funded by capitalizing SAR 12.7 million from share premium and SAR 17.3 million from retained earnings.

Was the treasury shares holding period extended?

Yes, the holding period was extended for an additional 18 months until September 2, 2027.

Atlas Elevators Approves 50% Capital Increase via Bonus Shares

Q: What is the purpose of the capital increase?

The increase aims to strengthen the company's strategic growth plan and support future expansion needs.

Atlas Elevators General Trading and Contracting Co. (9578) announced that its extraordinary general assembly approved a 50% capital increase via bonus shares, raising capital from SAR 60 million to SAR 90 million to support strategic growth and future expansion.

June 21, 2026

2 min read

Source: Saudi Exchange via Sahm Platform

Key Numbers

current capital

SAR 60,000,000

new capital

SAR 90,000,000

increase percentage

50%

share premium capitalized

SAR 12,700,000

retained earnings capitalized

SAR 17,300,000

bonus share ratio

1 for 2

attendance percentage

59.00%

treasury shares extension

18 months until September 2, 2027

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.

Details of the Increase

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. Shareholders will receive one bonus share for every two existing shares held.

Context

The meeting was attended by 59.00% of shareholders. The assembly 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.

What This Means for Investors

The capital increase via bonus shares is a positive signal of management's confidence in growth prospects, allowing existing shareholders to increase their stakes without additional cash outlay. However, investors should monitor the company's operational performance to assess the success of its expansion plans.

Frequently Asked Questions

The increase is 50%, raising capital from SAR 60 million to SAR 90 million.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.