Who was appointed as auditor for Atlas Elevators?

RSM United Accountants Professional Consulting was appointed with a fee of SAR 340,000.

What related-party transactions were approved with the Managing Director?

Transactions worth SAR 284,585 and SAR 335,600 were approved, related to his share in a subsidiary's capital increase.

Atlas Elevators Approves SAR 5.8M Cash Dividend Distribution

Atlas Elevators General Trading and Contracting Co. (9578) shareholders approved a SAR 5.85 million cash dividend for the fiscal year ended December 31, 2025, at SAR 1 per share. The dividend will be paid starting June 16, 2026.

June 4, 2026

2 min read

Source: Saudi Exchange via Sahm Platform

Key Numbers

dividend total

SAR 5,849,091

dividend per share

SAR 1

dividend yield

10%

share capital

SAR 58,490,910

auditor fee

SAR 340,000

Atlas Elevators General Trading and Contracting Co. (9578) announced the results of its Ordinary General Assembly meeting held on June 3, 2026, at the company's headquarters in Riyadh, with 58.67% shareholder attendance.

Dividend Details

The assembly approved the distribution of cash dividends totaling SAR 5,849,091 for the fiscal year ending December 31, 2025, at SAR 1 per share, representing 10% of share capital. Dividend payments will commence on June 16, 2026.

Auditor Appointment

Shareholders approved the appointment of RSM United Accountants Professional Consulting as the company's auditor for fiscal year 2026, with a fee of SAR 340,000.

Related-Party Transactions

The assembly also approved related-party transactions with Managing Director Mr. Mohsen Ali Al-Otaibi totaling SAR 284,585 and SAR 335,600, related to his share of additional capital in subsidiary Atlas National Elevator Factory Company.

What This Means for Investors

The dividend approval signals stable cash flows and a commitment to shareholder returns. Investors should monitor the company's operational performance in 2026 to assess the sustainability of future distributions.

Frequently Asked Questions

The total dividend is SAR 5,849,091, at SAR 1 per share, representing 10% of share capital.

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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.