ADES schedules a 100 percent capital vote: what it means for ADES stock

Published on 10/20/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The proposed issue would add 1.13 billion shares on October 28, 2026. For ADES stock, capital would rise to SAR 2.26 billion if approved.

Capital structure and operating scale

ADES scheduled a 100 percent capital increase for October 28, 2026.
First-half 2026 revenue reached SAR 4.54 billion at a 47.6 percent EBITDA margin.
ADES stock was trading at SAR 16.25 at 11:21 a.m. AST on October 20, 2026.
ADES is expected to report its next results on November 9, 2026.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding Company (ISIN SA55SG6H5716) scheduled a 100 percent capital increase for October 28, 2026, with the proposal funded by SAR 1.13 billion from the share premium account. The plan gives investors a clear date for a decision on the drilling group's capital structure, while first-half operating figures provide the business context.

Bonus issue sets the near-term event

According to Argaam on October 5, 2026, ADES will ask shareholders to approve one bonus share for every existing share. If approved, capital would increase from SAR 1.13 billion to SAR 2.26 billion, and the share count would rise from 1.13 billion to 2.26 billion.

What changes for the share count?

The proposal changes the number of shares rather than adding cash to the company. The Saudi Exchange reported on September 22, 2026, that the Capital Market Authority had approved an increase from SAR 1,129,062,513 to SAR 2,258,125,026 through one bonus share for each existing share. The proposal remains subject to the shareholder vote.

Three capital milestones

In June 2026, the ADES board recommended a 100 percent capital increase funded from the share premium account, as reported by Argaam. On September 22, 2026, the Saudi Capital Market Authority approved the request. On October 5, 2026, ADES scheduled the October 28 extraordinary general meeting and set the proposed increase at 100 percent.

Operating scale supports the proposal

ADES reported revenue from contracts with customers of SAR 4.54 billion for the half ended June 30, 2026, alongside a 47.6 percent EBITDA margin and a SAR 34.67 billion backlog as of June 30, 2026, on its ADES Holding Company investor-relations page. The same page lists 123 units across 20 countries and effective utilization of 97.6 percent for the first half of 2026.

Dates for shareholders

The extraordinary general meeting is scheduled for October 28, 2026, according to Argaam. Investing.com lists November 9, 2026, as the next reporting date.

Stock price and market value

ADES Holding Company was trading at SAR 16.25 on Tadawul on October 20, 2026 at 11:21 a.m. AST. Its market capitalization was SAR 17.9 billion, while the 52-week range stood at SAR 15.07 to SAR 19.94 as of October 20, 2026. The price sits SAR 3.69 below the upper end of that range, leaving the October 28 vote and the November 9 results date as the next company-specific reference points.