ADES proposes 100% capital increase: what it means for ADES stock

Published on 10/09/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ADES reported SAR 4.54 billion revenue in the first half of 2026. ADES stock last stood at SAR 16.35 versus SAR 16.83 on October 8, 2026.

Key points in brief

ADES proposed a 100% capital increase through one bonus share for each existing share, subject to shareholder approval on October 28, 2026.
The company reported SAR 4.54 billion revenue and a 47.60 percent EBITDA margin for the first half of 2026.
ADES stock was last at SAR 16.35 on October 8, 2026, versus a previous session close of SAR 16.83.
The planned capital increase would lift capital and shares from SAR 1.13 billion and 1.13 billion shares to SAR 2.26 billion and 2.26 billion shares.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding Company (ISIN SA55SG6H5716) proposed a 100% capital increase for shareholder approval on October 28, 2026, according to Argaam on October 5, 2026. The plan would issue one bonus share for every existing share and capitalize SAR 1.13 billion from the share premium account.

Three milestones shape the proposal

On August 10, 2026, ADES reported first-half net income of SAR 365.0 million, according to Argaam. On September 15, 2026, the company completed a SAR 1.07 billion Saipem acquisition, as listed by Argaam. On October 5, 2026, the board's capital proposal set the current event at a 100% increase.

What does the increase mean?

The planned transaction would lift capital from SAR 1.13 billion to SAR 2.26 billion and shares from 1.13 billion to 2.26 billion, according to Saudi Exchange. The proposal is funded through the share premium account rather than a cash issue, while approval remains with the extraordinary general meeting.

ADES reported SAR 4.54 billion revenue and a 47.60 percent EBITDA margin for the half ended June 30, 2026, on its ADES Group investor-relations website. Its total backlog stood at SAR 34.67 billion as of June 30, 2026, providing a quantified operating counterweight to the dilution mechanics of a bonus-share issue.

October dates set the next test

Electronic voting is scheduled to begin on October 24, 2026, while the extraordinary general meeting is scheduled for October 28, 2026. The meeting will decide whether the proposed bonus issue becomes effective and will also consider amendments to the company's articles on capital.

ADES stock remains below its yearly high

ADES stock was last at SAR 16.35 on Tadawul on October 8, 2026 at 3:13 p.m. AST, versus a previous session close of SAR 16.83. The 52-week range was SAR 15.07 to SAR 19.94, and market capitalization was SAR 18.1 billion as of the same quote snapshot.