ADES Holding set a 100% capital vote: ADES stock explained

Published on 10/13/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ADES Holding set a 100% capital vote for October 28, 2026. ADES stock shows a SAR 17.8 billion market value and a SAR 15.07-19.94 range.

Key points in brief

ADES Holding had set an October 28, 2026 vote on a 100 percent capital increase.
The plan would move capital from SAR 1.13 billion to SAR 2.26 billion through one bonus share per existing share.
ADES reported SAR 4.54 billion in first-half 2026 revenue, a SAR 34.67 billion backlog and a 47.6 percent EBITDA margin.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding (ISIN SA55SG6H5716) had set a 100 percent capital increase vote for October 28, 2026, involving SAR 1.13 billion and one bonus share for every existing share. Argaam reported the plan on October 5, 2026. The proposal would double issued capital from SAR 1.13 billion to SAR 2.26 billion, giving the shareholder vote a measurable balance-sheet consequence.

Three steps toward the vote

On September 15, 2026, ADES completed its SAR 1.07 billion acquisition of Saipem Arabia, adding five drilling rigs and SAR 3.70 billion to backlog, according to Yamamah Insights.

On September 22, 2026, the Capital Market Authority approved the request to increase capital from SAR 1,129,062,513 to SAR 2,258,125,026 and shares from 1,129,062,513 to 2,258,125,026, the Saudi Exchange said. The October 5 announcement therefore converted regulatory approval into a scheduled shareholder decision.

What does the capital increase change?

The proposed transfer of SAR 1.13 billion from share premium would strengthen stated capital without describing a cash issue, while the one-for-one bonus structure would double the share count if approved. The October 28 extraordinary general meeting is the next dated corporate milestone.

ADES reported SAR 4.54 billion in revenue from contracts with customers for the half ended June 30, 2026, a SAR 34.67 billion total backlog as of June 30, 2026, 97.6 percent effective utilization and a 47.6 percent EBITDA margin, according to ADES Group. The backlog was 7.63 times the half-year revenue figure, putting the capital proposal against a business with contracted activity and a substantial order base.

Market value and trading context

ADES Holding had a market capitalization of SAR 17.8 billion on October 13, 2026. Its 52-week range stood at SAR 15.07 to SAR 19.94, placing the reported market value beside a share price history that spans a SAR 4.87 interval.

For investors, the key distinction is between capital structure and operating capacity: the proposed 100 percent increase changes the number of shares and stated capital, while the June 30 operating figures show the revenue, backlog and utilization supporting the company narrative.