Atlas Elevators General Trading and Contracting Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Approved a cash dividend of SAR 1 per share (10% of capital) for the 2025 fiscal year, totaling SAR 5,849,091, with payment scheduled to begin on June 16, 2026.
Appointed RSM United Accountants Professional Consulting as the company's auditor for the 2026 fiscal year for a fee of SAR 340,000 and authorized the Board to distribute interim dividends on a semi-annual or quarterly basis.
Ratified the financial statements, Board of Directors' report, and auditor's report for the fiscal year ending December 31, 2025.
Approved related party transactions and contracts involving the Managing Director and CEO regarding capital interests in Atlas National Elevator Factory Company, totaling approximately SAR 620,185.

Element List	Explanation
Introduction	Atlas Elevators General Trading and Contracting Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:45 PM on Wednesday, 17/12/1447 AH, corresponding to 03/06/2026 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 validity of the meeting was met.
City and Location of the General Assembly's Meeting	At the company's headquarters located in Riyadh - Eastern Ring Road - Al Quds District, through modern technology - using Tadawulaty services
Date of the General Assembly's Meeting	2026-06-03 Corresponding to 1447-12-17
Time of the General Assembly’s Meeting	19:45
Percentage of Attending Shareholders	58.67%
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 of Directors 2. Mr. Awad Bard Jaed Al-Anzi - Vice Chairman of the Board of Directors 3. Mr. Mohsen Ali Dali Al-Ziyadi - Managing Director and Chief Executive Officer 4. Mr. Falah 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 Members of such Committees 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 company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 2. Review and discussion of the Board of Directors' report for the fiscal year ending December 31, 2025. 3. Review and discussion of the company's financial statements for the fiscal year ending December 31, 2025. 4. Approval of the discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025. 5. Approval of the appointment of RSM United Accountants Professional Consulting as the company's auditor, from among the candidates recommended by the Audit Committee, to examine, review, and audit the interim financial statements for the first, second, and third quarters of fiscal year 2026 and the annual financial statements ending December 31, 2026, for a fee of SAR 340,000 (three hundred and forty thousand Saudi Riyals). 6. Approval to authorize 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. Approval to authorize the Board of Directors with the powers of the Ordinary General Assembly to authorize the provisions of paragraph (1) of Article 27 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. Approval of the Board of Directors' recommendation to distribute 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. Eligibility for dividends will 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. Dividend payments will commence on Tuesday, June 16, 2026, via the payment agent, the Securities Depository Center Company (Edaa). Any shareholder experiencing difficulties with depositing funds into their account may contact the payment agent, the Securities Depository Center Company (Edaa), or the company via email at info@atlaslifts-sa.net or by phone at +966 920000259. 9. Approval of the transactions and contracts concluded between the company and the Managing Director and Chairman. The Executive Director, Mr. Mohsen Ali Al-Otaibi, has a direct interest in transactions related to his share of the additional capital in the subsidiary, Atlas National Elevator Factory Company. These transactions, which took place in 2025, were conducted within the normal course of business and according to prevailing commercial terms, without any preferential conditions. The total value of these transactions during 2025 was SAR 284,585. 10. Approval of the transactions and contracts between the company and the Managing Director and CEO, Mr. Mohsen Ali Al-Otaibi, in which he has a direct interest, specifically the payment of his share of the additional capital in the subsidiary, Atlas National Elevator Factory Company. These transactions, which took place in 2025, were conducted within the normal course of business and according to prevailing commercial terms, without any preferential conditions. The total value of these transactions during 2025 was SAR 335,600.
Additional Information	The company wishes to draw the attention of non-resident foreign investors to the fact that cash distributions transferred through a resident financial intermediary are subject to a 5% withholding tax upon transfer or crediting to their account, in accordance with Article (68) of the Tax Law and Article (63) of its Implementing Regulations. The company urges its valued shareholders to update their information and ensure that their bank account numbers are linked to their investment portfolios to guarantee timely receipt of their dividends. For any inquiries, please contact us via email at info@atlaslifts-sa.net or by phone at +966 920 000 259.