Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced the adjustment of the daily fluctuation limit for ADES Holding Company’s shares to a base price of SAR 8.66, according to a bourse disclosure on 29 October 2026.
The Securities Depository Center Company (Edaa) is scheduled to deposit the new bonus shares into the portfolios of eligible shareholders before the start of trading on 2 November 2026.
The adjustment follows the company’s extraordinary general assembly meeting (EGM) held on 28 October, where shareholders approved a capital increase via the issuance of bonus shares.
As part of the technical adjustment, all existing orders for the stock have been canceled.
The corporate action aims to expand the company's capital base through the capitalization of reserves, providing shareholders with additional equity without a direct cash outlay.
ADES Holding, a major provider of oil and gas drilling services, continues to align its capital structure with its long-term growth objectives in the regional energy sector.
