ADES proposes SAR 1.13 billion bonus issue ahead of ADES stock vote

Published on 10/21/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year revenue hit SAR 4.54 billion at a 47.60 percent EBITDA margin. ADES stock stood at SAR 16.07 on October 21, 2026, above its SAR 15.07 low.

Capital and operating milestones

ADES proposed a 100 percent capital increase on October 5, 2026.
Half-year 2026 revenue reached SAR 4.54 billion with a 47.60 percent EBITDA margin.
ADES stock stood at SAR 16.07 on October 21, 2026 on Tadawul.
The next earnings report is scheduled for November 9, 2026.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding Company (ISIN SA55SG6H5716) proposed a SAR 1.13 billion capital increase through a 100 percent bonus issue on October 5, 2026, according to Argaam. The proposal would add one share for every share held and requires shareholder approval at the October 28 meeting.

Capital doubles if approved

The proposed issue would raise ADES capital from SAR 1.13 billion to SAR 2.26 billion, while the share count would rise from 1.13 billion to 2.26 billion. Argaam reported that the company would capitalize SAR 1.13 billion from its share premium account to strengthen capital and shareholders equity.

The chronology matters. On September 15, 2026, an ADES unit closed a SAR 1.07 billion acquisition, according to Argaam. On September 22, 2026, the company secured regulatory approval for the 100 percent capital increase, also reported by Argaam. The October 5, 2026 proposal is the latest event.

What does the vote mean?

The balance-sheet action changes the number of shares rather than supplying new cash. ADES said its half-year 2026 revenue from contracts with customers reached SAR 4.54 billion, while EBITDA margin was 47.60 percent and effective utilization was 97.60 percent as of June 30, 2026, on its ADES Group investor-relations page.

The company also reported a SAR 34.67 billion backlog as of June 30, 2026. That backlog provides the operating context for the capital move, while the proposed share increase leaves the October 28 vote as the immediate corporate decision.

Upcoming dates and valuation

The next substantiated dates are the October 28, 2026 shareholder vote and the November 9, 2026 earnings report. The latter date is listed by Investing.com.

ADES stock stood at SAR 16.07 on Tadawul on October 21, 2026 at 11:11 a.m. AST. Its market capitalization was SAR 17.7 billion, and its 52-week range was SAR 15.07 to SAR 19.94 as of the same date.