Element List	Explanation
Introduction	Atlas Elevators General Trading and Contracting Co. announces that the Board of Directors, in its resolution dated 20/09/1447 AH (corresponding to 09/03/2026 AD), recommended to the Extraordinary General Assembly an increase in the company's capital by (50%) through the issuance of bonus shares. This will be achieved by capitalizing SAR 12,700,000 (twelve million seven hundred thousand riyals) from the share premium balance and SAR 17,300,000 (seventeen million three hundred thousand riyals) from retained earnings, by granting (1) bonus share for every (2) existing shares held by shareholders.
Date of Board Meeting	2026-03-09 Corresponding to 1447-09-20
Capital before increase	60,000,000
Capital after increase	90,000,000
Percentage of Capital increase	50 %
Number of shares before Capital increase	6000000
Number of shares after Capital increase	9000000
Reasons for the increase	The company aims to use the capital increase to strengthen its strategic growth plan, meet its future expansion needs and aspirations, and emphasize its financial solvency and strong financial position.
Number of Shares Granted per Exiting Share	One (1) free share will be granted for every two (2) existing shares held by shareholders
Nature and Value of Reserves Used in the Capitalization	The increase will be achieved by capitalizing an amount of (12,700,000) twelve million seven hundred thousand riyals from the share premium balance and an amount of (17,300,000) seventeen million three hundred thousand riyals from the retained earnings account
Eligibility Date	Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date
Fractional Shares	In the event of fractional shares, these will be consolidated into a single portfolio for all shareholders and sold at market price. The proceeds will then be distributed to eligible shareholders according to their respective shares within a period not exceeding 30 days from the date of determining the shares due to each shareholder.
Approvals	The grant is conditional upon obtaining the approvals of the official authorities and the Extraordinary General Assembly for the increase in capital and the number of shares granted.