Articles > Atlas Elevators General Trading and Contracting Co. Delivers Exciting News Post Business Meeting!
Atlas Elevators General Trading and Contracting Co. Delivers Exciting News Post Business Meeting!
By KlickAnalytics Data Insights | June 4, 2026 03:04AM ET
- General Assembly meeting held with high shareholder turnout over video conferencing technology
- Multiple board members and committee chairs present to discuss key company decisions
Atlas Elevators General Trading and Contracting Company recently held its Ordinary General Assembly Meeting (First Meeting) with significant success and engagement from its shareholders. The meeting, which took place via modern technology using Tadawulaty services, boasted a high attendance rate, with 58.67% of shareholders present, ensuring all discussions were fruitful and representative of the company's interests.
During the meeting, key board members, including Chairman Mr. Yousef Mohammed Ali Al-Qafari and Managing Director Mr. Mohsen Ali Dali Al-Ziyadi, shared important updates and reports with the attendees. The agenda covered various crucial points, such as the approval of the auditor's report for the fiscal year ending December 31, 2025, and the appointment of RSM United Accountants Professional Consulting as the company's new auditor.
One of the most exciting outcomes of the meeting was the approval of cash dividends of SAR 5,849,091 to shareholders for the fiscal year ending December 31, 2025, at a rate of SAR 1 per share, representing 10% of the share capital. Eligible shareholders can expect dividend payments to commence on June 16, 2026, facilitated by the Securities Depository Center Company (Edaa).
Additionally, the company highlighted the importance of non-resident foreign investors updating their information and linking bank account numbers to investment portfolios to ensure smooth and timely dividend distributions. The company's commitment to transparency and shareholder value was evident throughout the meeting, leaving participants optimistic about the company's future prospects.
For more details or inquiries, shareholders and interested parties can reach out to Atlas Elevators General Trading and Contracting Co. via email at [email protected] or by phone at +966 920 000 259. Exciting times ahead for Atlas Elevators and its stakeholders!
- Multiple board members and committee chairs present to discuss key company decisions
Atlas Elevators General Trading and Contracting Company recently held its Ordinary General Assembly Meeting (First Meeting) with significant success and engagement from its shareholders. The meeting, which took place via modern technology using Tadawulaty services, boasted a high attendance rate, with 58.67% of shareholders present, ensuring all discussions were fruitful and representative of the company's interests.
During the meeting, key board members, including Chairman Mr. Yousef Mohammed Ali Al-Qafari and Managing Director Mr. Mohsen Ali Dali Al-Ziyadi, shared important updates and reports with the attendees. The agenda covered various crucial points, such as the approval of the auditor's report for the fiscal year ending December 31, 2025, and the appointment of RSM United Accountants Professional Consulting as the company's new auditor.
One of the most exciting outcomes of the meeting was the approval of cash dividends of SAR 5,849,091 to shareholders for the fiscal year ending December 31, 2025, at a rate of SAR 1 per share, representing 10% of the share capital. Eligible shareholders can expect dividend payments to commence on June 16, 2026, facilitated by the Securities Depository Center Company (Edaa).
Additionally, the company highlighted the importance of non-resident foreign investors updating their information and linking bank account numbers to investment portfolios to ensure smooth and timely dividend distributions. The company's commitment to transparency and shareholder value was evident throughout the meeting, leaving participants optimistic about the company's future prospects.
For more details or inquiries, shareholders and interested parties can reach out to Atlas Elevators General Trading and Contracting Co. via email at [email protected] or by phone at +966 920 000 259. Exciting times ahead for Atlas Elevators and its stakeholders!
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