ADES schedules 100% bonus vote and outlines ADES stock share count

Published on 10/15/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 28 vote covers SAR 1.13 billion from share premium. ADES stock would reach 2.26 billion shares if approved.

Capital increase and shareholder vote

ADES proposed a 100 percent bonus issue on October 5, 2026.
The capital plan would transfer SAR 1.13 billion from share premium.
The extraordinary general meeting is scheduled for October 28, 2026.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES Holding Company has scheduled a shareholder vote on a 100 percent bonus issue, while the capital plan would lift ADES stock's share count to 2.26 billion. The company announced the extraordinary general meeting for October 28, 2026, according to Argaam on October 5, 2026.

The proposed increase would capitalize SAR 1.13 billion from the share premium account. If shareholders approve the measure, ADES would issue one bonus share for every existing share, taking capital from SAR 1.13 billion to SAR 2.26 billion and increasing outstanding shares from 1.13 billion to 2.26 billion.

Capital structure carries the main signal

The plan is a capital reorganization rather than a cash distribution. The Capital Market Authority approved the request on September 21, 2026, confirming the transfer of SAR 1,129,062,513 from share premium and the issue of 1,129,062,513 new shares.

What does the bonus issue change?

The economic question is how the enlarged equity base supports expansion. 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, while its backlog stood at SAR 34.67 billion as of June 30, 2026, according to the company's investor-relations page. Those figures give the capital plan an operating backdrop: the proposed share increase is paired with a sizeable contracted workload and a reported margin above 47 percent.

Three dates define the proposal

On June 9, 2026, the board recommended a 100 percent capital increase, as reported by Argaam. On September 21, 2026, the Capital Market Authority approved the issuance of 1.13 billion bonus shares. On October 5, 2026, ADES set October 28, 2026, for the vote on the 100 percent issue.

Shareholder vote comes October 28

The next substantiated date is October 28, 2026, when shareholders are due to vote at the extraordinary general meeting. Approval would also support amendments to Article 7 of the company's articles concerning capital.

Market value and operating scale

ADES had a market capitalization of SAR 17.7 billion as of October 15, 2026. Its reported first-half revenue of SAR 4.54 billion and backlog of SAR 34.67 billion as of June 30, 2026, frame the proposal as a balance-sheet step alongside ongoing drilling activity.