Atlas Elevators shareholders to vote on 5% cash dividend for 2023 on May 29

Atlas Elevators General Trading & Contracting Co.’s shareholders will vote on the board of directors’ recommendation to pay a cash dividend at 5% of capital, or SAR 0.5 per share, totaling SAR 3 million, for 2023, during the extraordinary general meeting slated for May 29, according to a statement to Tadawul.

The dividend distribution will be to shareholders registered with Edaa on the second trading day following the EGM date. The payment date will be announced later.

Shareholders will also vote on the board's recommendation on transferring the company’s statutory reserve, amounting to SAR 3.27 million as of Dec. 31, 2023, to the retained earnings account.