24 Hrs
Source:
الاقتصادية
Saudi Market Approves Aditis Capital Boost
The Saudi Capital Market Authority has approved a 100% increase in the share capital of Aden Holding Company, which will raise its total capital to approximately 2.26 billion riyals from the previous 1.13 billion riyals. Free shares will be granted at a rate of one share for each existing share, and the increase will be financed through the conversion of an amount from the "Share Premium" account. This step is part of the company's broader long-term growth strategy and aims to strengthen its financial capabilities, especially as it expands its global operations in the oil and gas drilling services sector. The company currently operates a fleet of 123 drilling units across 20 countries. Aden reported revenues of 4.54 billion riyals in the first half of 2026, reflecting a 49% year-on-year increase, with a net profit for shareholders of 818 million riyals. The company continues to grow through acquisitions, including "Shelf Drilling" and "SIPHEM Saudi Arabia."
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