ADES proposed 100 percent capital increase. ADES stock sits 16.60 percent below its high

Published on 10/12/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ADES set an October 28, 2026 vote on a SAR 1.13 billion capitalization. ADES stock was SAR 16.63 versus a SAR 19.94 high.

Key points in brief

ADES proposed a 100 percent capital increase through one bonus share for each existing share.
The extraordinary general meeting is scheduled for October 28, 2026.
ADES reported SAR 4.54 billion revenue and a 47.6 percent EBITDA margin for the half ended June 30, 2026.
ADES stock was trading at SAR 16.63 on Tadawul on October 12, 2026, with a SAR 15.07 to SAR 19.94 52-week range.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding Company (ISIN SA55SG6H5716) proposed a 100 percent capital increase, while ADES stock was trading at SAR 16.63 on Tadawul on October 12, 2026, or 16.60 percent below its SAR 19.94 52-week high. Argaam reported on October 5, 2026, that shareholders will vote on the proposal at an extraordinary general meeting on October 28, 2026.

Three capital milestones

On October 5, 2026, the proposed increase covered SAR 1.13 billion from the share premium account and would issue one bonus share for every existing share, subject to shareholder approval, according to Argaam.

On September 21, 2026, the Saudi Capital Market Authority approved an increase in capital from SAR 1.13 billion to SAR 2.26 billion and an increase in outstanding shares from 1.13 billion to 2.26 billion, according to the CMA.

On June 30, 2026, ADES reported SAR 4.54 billion in revenue from contracts with customers for the half ended June 30, 2026, alongside a 47.6 percent EBITDA margin, according to ADES Group.

What does the increase change?

The proposal changes the share count rather than adding cash from a new share sale. The planned 1.13 billion bonus shares would double the issued share base to 2.26 billion, while the capitalization would come from the existing share premium account.

That structure makes the October 28 vote the immediate corporate milestone. The eligible shareholder register will be determined by the company process described in the meeting materials, and fractional shares will be aggregated and sold at market price, with proceeds distributed proportionally.

Stock stays below its yearly high

ADES stock was trading at SAR 16.63 at 10:03 a.m. AST on October 12, 2026. Its 52-week range was SAR 15.07 to SAR 19.94, placing the latest price 10.35 percent above the low and 16.60 percent below the high. Market capitalization stood at SAR 18.4 billion on the same date.

The operating figures give the capital proposal a business backdrop: ADES reported effective utilization of 97.6 percent and total backlog of SAR 34.67 billion as of June 30, 2026. The further course of trading is shown by the continuously updated real-time quote of ADES stock.