ADES stock faces a 100% capital increase vote on October 28, 2026

Published on 10/07/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ADES stock heads toward a shareholder vote on October 28, 2026, over a 100% capital increase. First-half revenue reached SAR 4.54 billion with a 47.6% EBITDA margin.

ADES, SA55SG6H5716, Illustration mit AI erstellt.

ADES stock was trading at SAR 17.23 on Tadawul at 10:09 a.m. AST on October 7, 2026, down 0.69% from SAR 17.35. The immediate corporate catalyst is a proposed 100% capital increase that shareholders will consider on October 28, 2026, according to Argaam.

Capital would double to SAR 2.23 billion

ADES Holding Company plans to capitalize SAR 1.13 billion from its share premium account, lifting capital from SAR 1.13 billion to SAR 2.23 billion. The proposal would issue one bonus share for every share held, subject to approval at the extraordinary general meeting.

The capital action is designed to strengthen shareholders' equity and support future expansion. For investors, the key distinction is structural: the proposal changes the number of shares and nominal capital, while the company has not presented it as a cash fundraising transaction.

Backlog reaches SAR 34.67 billion

ADES reported total revenue from contracts with customers of SAR 4.54 billion for the half ended June 30, 2026, alongside a 47.6% EBITDA margin and effective utilization of 97.6%, according to ADES Group.

The same June 30, 2026 company overview puts total backlog at SAR 34.67 billion. That backlog is 7.6 times the first-half revenue figure, a comparison that shows why fleet utilization and contract execution matter more than the capital action alone.

Profit fell in the first half

ADES reported first-half 2026 net profit of SAR 365 million, down 5% from the comparable period, while second-quarter profit stood at SAR 128.5 million, according to Argaam. The lower profit figure adds a counterweight to the strong backlog and utilization data as the market assesses the proposed expansion.

ADES stock trades below yearly high

ADES stock was trading at SAR 17.23 on Tadawul on October 7, 2026, with a session range of SAR 17.20 to SAR 17.37. The 52-week range is SAR 15.07 to SAR 19.94, while market capitalization stands at SAR 19.0 billion and volume at 59,815 shares as of the same timestamp.