ADES schedules 100 percent bonus vote for ADES stock on October 28

Published on 10/16/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ADES will hold a vote on a SAR 1.13 billion capital increase on October 28. ADES stock last stood at SAR 16.45 on October 15.

Capital structure and operating scale

ADES will put a SAR 1.13 billion capital increase to a shareholder vote on October 28, 2026.
ADES reported SAR 34.67 billion in backlog and a 47.6 percent EBITDA margin as of June 30, 2026.
ADES stock was last at SAR 16.45 on October 15, 2026 at 3:18 p.m. AST on Tadawul.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding Company (ISIN SA55SG6H5716) will put a 100 percent capital increase to an extraordinary general meeting on October 28, 2026. The proposal would capitalize SAR 1.13 billion from the share premium account and issue one bonus share for every existing share, Argaam reported on October 5, 2026.

Why the capital increase matters

The proposed transaction would lift ADES's capital and share count from SAR 1.13 billion and 1.13 billion shares to SAR 2.26 billion and 2.26 billion shares, respectively. The vote also covers an amendment to Article 7 of the company's articles of association, while fractional bonus shares would be sold and the proceeds distributed to eligible shareholders within 30 days of determining their entitlements, according to Argaam.

The capital move is designed to strengthen equity and support future expansion, but it also doubles the number of shares. That distinction matters for investors assessing per-share measures after approval.

What supports the expansion plan?

ADES's investor-relations presentation reported SAR 34.67 billion in total backlog as of June 30, 2026, alongside SAR 4.54 billion in first-half revenue from contracts with customers. Effective utilization was 97.6 percent and the EBITDA margin was 47.6 percent for the half ended June 30, 2026, according to ADES Holding Company.

Three dated ADES developments

On June 30, 2026, ADES reported a SAR 34.67 billion backlog and 97.6 percent effective utilization. On September 22, 2026, the Saudi Capital Market Authority approved the proposed increase from SAR 1,129,062,513 to SAR 2,258,125,026, Saudi Exchange reported. On October 5, 2026, ADES set October 28 as the date for shareholders to vote on the 100 percent issue.

What comes next for shareholders?

The next stated corporate date is October 28, 2026, when the extraordinary general meeting is scheduled to vote on the bonus issue and the related articles amendment. Approval would create 1,129,062,513 additional shares, while the eligibility date for the bonus shares will depend on the meeting timetable and the shareholder register.

ADES stock remains tied to the vote

ADES is an energy company focused on drilling services, with operations spanning 20 countries and a fleet of 123 units as of June 30, 2026. Its operating scale gives the capital proposal a clear strategic context, while the share-count increase remains the immediate corporate decision.

ADES stock was last at SAR 16.45 on Tadawul on October 15, 2026 at 3:18 p.m. AST.