05:21 AM EST, 11/02/2026 (MT Newswires) -- Atlas Elevators General Trading and Contracting Co. (SASE:9578) expects its total cost of goods sold to rise due to higher electricity and water consumption tariffs in Saudi Arabia from Jan. 1, 2027. The Saudi Arabia-listed elevator company anticipates a 0.21% increase from the electricity tariff and a 0.05% rise from the water tariff, according to a Monday release. The company will continue to improve operational efficiency and optimize energy usage to mitigate the financial impact of the tariff changes.

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