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October 28 Ades GA debates capital increase
Ades Holding Company will hold a special general assembly meeting on October 28, 2026, to discuss a 100% capital increase from approximately 1.129 billion Riyals to over 2.258 billion Riyals, through the distribution of free shares to shareholders. The aim of this step is to strengthen the capital base and support growth and expansion strategies, along with amending the company's bylaws to align with the new authority structure and the entitlement rights for shareholders owning shares by the end of the meeting day. The process of distributing the free shares will be approved after handling fractional shares through sale and distributing the proceeds to shareholders within 30 days.
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