Riyadh - Mubasher: The board of ADES Holding Company proposed increasing the company’s capital by 100% through the issuance of bonus shares, according to a bourse filing.
The new capital will stand at SAR 2.25 billion distributed over 2.25 billion shares, compared to SAR 1.12 billion and 1.12 billion shares.
The transaction will be implemented by capitalizing SAR 1.12 billion from the share premium account.
Each shareholder will be granted one bonus share for each owned share at the eligibility date.
In line with the company’s long-term growth strategy, ADES Holding seeks to reinforce its capital base and improve shareholders' equity, anchoring its financial position and maximizing shareholder return.
At the end of March 2026, the net profits attributable to the shareholders of ADES Holding jumped by 21.78% year-on-year (YoY) to SAR 236.44 million.
