<a style="color: #800000;" href="https://amlak.net.Atlas Elevators for General Trading and Contracting is preparing to offer 20% of the company's shares on the stock market starting on Sunday, September 10, 2023 for 5 working days until Thursday, September 14, 2023, as per the requirements of the Securities Offering Rules and Continuing Commitments - to qualified investors according to the definition of Qualified Investor.
Atlas Elevators revealed that the company is preparing to offer 20% of the company's shares on the stock market starting on Sunday, September 10, 2023, for a period of 5 working days until Thursday, September 14, 2023.
<Through the prospectus for the investment opportunity, the company revealed that 1.2 million shares representing 20% of its total post-offering capital of SAR 60 million (25TP3T of the current capital of SAR 48 million) will be offered on the parallel market, after approval by the Capital Market Authority.
Regarding the company's annual profits, Atlas Elevators showed that the profits for the fiscal year ending December 31, 2021 amounted to more than 79 million riyals, while the profits for 2022 exceeded 77 million riyals.
The activity of the company and its factory is in the field of sale, supply, installation and maintenance of electric and hydraulic elevators and escalators, and "Atlas Elevators“ has a professional elite of engineers, technicians and professionals, and more than 45 work teams, practicing work according to scientific foundations and national and international experiences on which the company was founded since its establishment in 2010 in Riyadh.
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New subscription to Atlas Elevators
1.2 million shares.
Represents:
20% of shares.
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Annual Earnings
2012
+79 million riyals
2022
+77 million riyals
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Subscription period
Sunday, September 10, 2023
to
Thursday, September 14, 2023.
