Riyadh – Mubasher: Atlas Elevators General Trading and Contracting Company has concluded the deposit of SAR 655.74 into the bank accounts of eligible shareholders.
The funds represent the proceeds from the sale of fractional shares resulting from the company’s recent capital increase.
The capital adjustment was previously approved during the Extraordinary General Assembly meeting held on 18 June 2026.
According to the company disclosure, a total of 69 fractional shares were sold at an average price of SAR 9.52 per share. The sale process was finalized on 24 June.
The company confirmed that the proceeds were deposited directly into the investment portfolios of entitled shareholders on 14 July.
Atlas Elevators advised shareholders to contact their respective local banks or the company’s investor relations department at 00966920000259 if the funds are not reflected in their accounts.
The distribution marks the final stage of the capital restructuring process initiated following the June assembly approval.
The board of Atlas Elevators appointed Sarah Hamoud Naseer Al Dandani as a member of the Nomination and Remuneration Committee.
