Atlas Elevators shareholders OK SAR 0.5/shr cash dividend for 2024

14/05/2025 Argaam
Logo ofAtlas Elevators General Trading and Contracting Co.

Logo of Atlas Elevators General Trading and Contracting Co.

Atlas Elevators General Trading and Contracting Co.’s shareholders approved the board of directors’ recommendation to distribute a cash dividend of SAR 0.5 per share, or 4.9% of capital, for 2024, during the ordinary general meeting (OGM) held on May 29, according to a Tadawul statement.

 

Dividends Details (2024)

Current Capital

SAR 60 mln

Number of Shares*

6 mln

Nominal Value

SAR 10

Total Dividend

SAR 2.95 mln

Percentage of Capital

4.9% (SAR 0.5 a share)

Record Date

May 13, 2025. Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM date, the date of which will be determined later

Payment Date

May 21, 2025
*5.91 mln shares eligible for dividends

 

Additionally, shareholders approved authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024, the statement added.

 

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