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Atlas Elevators General Trading and Contracting Co. Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Atlas Elevators for General Trading and Contracting Company announces to its shareholders the results of the Extraordinary General Assembly Meeting (Second Meeting), which was held at (20:00) on Thursday, 08/28/1446 AH corresponding to 02/27/2025 AD, as the legal quorum for the first meeting was not completed. The second meeting was held one hour after the time specified for the first meeting, with an attendance rate of (28.75%) at the company's headquarters located in Riyadh - Granada District - Dammam Road - via modern technology (remotely) - using Tadawulati services; The legal quorum for the validity of the convening of (the second meeting) was completed according to the company's articles of association and the companies' system, which is the attendance of a number of shareholders representing at least a quarter of the company's shares that have voting rights. |
| City and Location of the General Assembly's Meeting | At the company’s main headquarters located in the city of Riyadh - Eastern Ring Road - Al-Quds District - through modern technological means (remotely) - using Tadawulati services. |
| Date of the General Assembly's Meeting | 2025-02-27 Corresponding to 1446-08-28 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 28.75% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Awad Bard Jaed Al-Anzi - Vice Chairman of the Board of Directors. 2. Mr. Mohsen Ali Dali Al-Ziyadi - Managing Director and CEO 3. Mr. Falah Saud Obaid Al-Subaie - Member of the Board of Directors 4. Mr. Mohammed Abdulaziz Mohammed Al-Faisal - Member of the Board of Directors Absent from attendance 1- Mr. Yousef Mohammed Ali Al-Qafari - Chairman of the Board of Directors |
| 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. Ahmed Ali Al-Otaibi - Vice Chairman of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the Board of Directors’ proposal to amend the period for completing the company’s purchase of its shares to a maximum of (300,000) shares of its shares and retain them as treasury shares for a period of (18) months from the date of the decision of the Extraordinary General Assembly held on 08/22/1445 AH corresponding to 03/03/2024 AD instead of (12) months in accordance with Article (17) Paragraph (4) of the Executive Regulations of the Companies Law for Listed Companies amended by the Capital Market Authority. The company will retain the purchased shares for a maximum period of (24) months from the date of approval of the Extraordinary General Assembly held on 08/22/1445 AH corresponding to 03/03/2024 AD. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant systems and regulations. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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