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الاقتصادية
Addis proposes doubling capital to boost growth
The Board of Directors of Odis Holding Company recommended increasing its capital by 100% to 2.25 billion riyals through share grants, in order to support the growth strategy and strengthen the shareholders' equity structure. The company's profits in the first quarter rose by 22% to 236.5 million riyals, with revenues growing by 63% to 2.39 billion riyals, driven by the acquisition of Shelf Drilling and its global expansions. Additionally, Odis confirmed that its assets and employees have not been affected by regional tensions, and it attributed the 2026 profit guidance to factors such as improved performance of Shelf Drilling and increased confidence in operational savings.
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