Atlas Elevators General Trading and Contracting Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( First Meeting )

Element List	Explanation
Introduction	Atlas Elevators General Trading and Contracting Co. announces to its shareholders the results of the Extraordinary General Assembly meeting, which included the increase of the company's capital (first meeting), held at 7:45 PM on Thursday, 03/01/1448 AH, corresponding to 18/06/2026 AD, at the company's headquarters located in Riyadh, Eastern Ring Road, Al-Quds District, via modern technology using Tadawulaty services, after the legal quorum for the meeting was met.
City and Location of the Extraordinary General Assembly's Meeting	The company's headquarters are located in Riyadh, on the Eastern Ring Road, in the Al-Quds district. This service is provided remotely using modern technology and Tadawulaty services.
Date of the Extraordinary General Assembly's Meeting	2026-06-18 Corresponding to 1448-01-03
Time of the General Assembly’s Meeting	19:45
Percentage of Attending Shareholders	59.00%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1. Mr. Yousef Mohammed Ali Al-Qafari – Chairman of the Board 2. Mr. Awad Bard Ja’ed Al-Anzi – Vice Chairman of the Board 3. Mr. Mohsen Ali Dali Al-Ziyadi – Managing Director and CEO 4. Mr. Fallah Saud Obaid Al-Subaie – Board Member 5. Mr. Mohammed Abdulaziz Mohammed Al-Faisal – Board Member
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf	1. Mr. Turki Hudaiban Mohammed Al-Awfi - Chairman of the Audit Committee 2. Mr. Fallah Saud Obaid Al-Subaie - Chairman of the Nominations and Remuneration Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval of the Board of Directors' recommendation to increase the company's capital by issuing bonus shares to the company's shareholders as follows: • Capital before the increase: SAR 60,000,000 • Capital after the increase: SAR 90,000,000 • Percentage increase in capital: 50% • Number of shares before the increase: 6,000,000 shares • Number of shares after the increase: 9,000,000 shares. • Method of Funding the Increase: 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. • Increase Rate per Share: One (1) bonus share will be granted for every two (2) existing shares held by shareholders. • Reasons for the Increase: To strengthen the strategic growth plan, meet future expansion needs and aspirations, and affirm the company's financial soundness and strong financial position. • Amendment to Article (7) of the Company's Articles of Association related to (Capital). • Amendment to Article (8) of the Company's Articles of Association related to (Share Subscription). • The entitlement date for bonus shares will be for shareholders 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. • In the event of fractional shares, these will be consolidated into a single portfolio for all shareholders, sold at market price, and the proceeds distributed to eligible shareholders according to their respective entitlements, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. 2. Approval of the Board of Directors' proposal to extend the period for holding treasury shares for an additional (18) months, which was previously approved by the Extraordinary General Assembly held on 22/08/1445 AH corresponding to 03/03/2024 AD, and to hold them as treasury shares for a period of (24) months from the date of the Assembly's approval until 02/03/2026 AD. The company will hold the purchased shares for a maximum of (18) additional months starting from the date of expiry until 02/09/2027 AD, in accordance with Article (24) of the Implementing Regulations of the Companies Law for listed companies. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant regulations and bylaws.