Ahead of Listing to “Nomu” .. Detail about Atlas Elevators ‎Company ‎‏

Atlas Elevators Company achieved total revenues amounting to 659 million riyals from the establishment of the company until the first half of 2023, while the net profits from 2010 to June 2023 amounted to 80.2 million riyals and a net profit margin for the period at 12%.

On the other hand, the revenues from the company’s factory from the year 2012 until the first half of this year amounted to about 454 million riyals, and the net profit amounted to 54.9 million riyals during the same period, with a profit margin of 12%.

Atlas Elevators General Trading and Contracting Company announced the offering of 1.2 million shares, representing 20% of its total capital amounted 48 million riyals, to become 60 million after the offering in the parallel market (Nomu) 5 working days from Sunday 10 September until Thursday 14 September 2023.

Atlas is a Saudi joint stock company established in the city of Riyadh in 2010. The company’s activities are represented in the retail sale of elevators, escalators, conveyors, and the installation and maintenance of elevators.

The company works in the field of manufacturing cabins, importing and selling elevators and escalators, and their maintenance and spare parts. This factory and what it contains is based on quality standards and conforms to international safety regulations in the field of elevators, in addition to meeting the customer’s taste by providing modern shapes and designs for all cabins that are produced with it. Also, one of the factory’s capabilities is manufacturing steel towers with technical specifications suitable for each elevator.

Last June, the Capital Market Authority approved the request of the Atlas Elevators Company for General Trading and Contracting to register its shares and offer 1.2 million shares, representing 20% of its shares, in the parallel market (Nomu).

The Company’s revenue, net profit and profit margin

The factory’s revenue, net profit and profit margin