| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Atlas Elevators General Trading and Contracting Co. is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held via modern technology, God willing, at 7:45 PM on Wednesday, 17/12/1447 AH, corresponding to 03/06/2026 AD. |
| City and Location of the General Assembly's Meeting | At the company's main headquarters located in Riyadh - Eastern Ring Road - Al-Quds District, using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-03 Corresponding to 1447-12-17 |
| Time of the General Assembly’s Meeting | 19:45 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend is for shareholders registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the General Assembly meeting, in accordance with the regulations and bylaws. The right to register attendance for the General Assembly meeting ends at the time of the meeting, and the right to vote on the items of the General Assembly for those present ends when the counting committee finishes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (34) of the company's Articles of Association, an ordinary general assembly meeting shall not be valid unless attended by shareholders representing at least one-quarter of the company's shares with voting rights. If this quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the time specified for the first meeting. In all cases, the second meeting shall be considered valid regardless of the number of shares with voting rights represented therein. |
| General Assembly Meeting Agenda | 1. Vote on the company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 2. Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2025. 3. Review and discuss the company's financial statements for the fiscal year ending December 31, 2025. 4. Vote on the discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025. 5. Vote on the appointment of an auditor for the company from among the nominees, based on the recommendation of the Audit Committee, to examine, review, and audit the preliminary financial statements for the first, second, and third quarters of the fiscal year 2026 and the annual financial statements ending December 31, 2026, and to determine their fees. 6- Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026. 7- Voting on authorizing the Board of Directors with the powers of the Ordinary General Assembly to authorize the license stipulated in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the Implementing Regulations of the Companies Law pertaining to listed joint-stock companies. 8- Voting on the Board of Directors' recommendation to distribute cash dividends in the amount of (5,849,091) riyals to shareholders for the fiscal year ending (December 31, 2025), at a rate of (1) riyal per share and a percentage of (10%) of the capital. Eligibility for the dividends shall be for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. The dividend distribution shall commence within fifteen (15) working days from the date of the General Assembly meeting. Entitlement to these profits as specified in the General Assembly resolution: 9- Voting on the transactions and contracts concluded between the company and the Managing Director and CEO, Mr. Mohsen Ali Al-Otaibi, in which he has a direct interest, namely (the partner's share in the additional capital of the subsidiary, Atlas National Elevators Factory Company). These transactions were for the year 2025 and were conducted within the normal course of business and in accordance with prevailing commercial terms and conditions, without any preferential terms. The value of the transactions during the year 2025 amounted to (284,585) riyals (attached). 10- Voting on the transactions and contracts concluded between the company and the Managing Director and CEO, Mr. Mohsen Ali Al-Otaibi, in which he has a direct interest, namely (the payment of the partner's share in the additional capital of the subsidiary, Atlas National Elevators Factory Company). These transactions were for the year 2025 and were conducted within the normal course of business and in accordance with prevailing commercial terms and conditions, without any preferential terms. The value of the transactions during the year 2025 amounted to (335,600) riyals (attached). |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the topics included in the agenda of the Ordinary General Assembly and to ask questions. Voting through the Tadawulaty services is available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered with Tadawulaty services can vote electronically and remotely on the General Assembly's agenda items starting at 1:00 AM on Saturday, December 13, 1447 AH (May 30, 2026), until the end of the General Assembly meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We welcome your inquiries through our Shareholder Relations department via the following channels: Phone: +966 920000259 Email: info@atlaslifts-sa.net |
| Attached Documents | Attached Documents |
