Addis Assembly Reviews 100% Capital Increase
Ades Holding Company intends to double its capital by issuing free shares to its shareholders, with the capital increase rising from approximately 1.129 billion Saudi Riyals to over 2.258 billion Riyals. This decision aims to strengthen the company's capital structure and support future expansion plans, while safeguarding shareholders' rights through the entitlement to the shares by the end of the General Assembly meeting. The proposal, along with amendments to the company's articles related to capital and administrative authorities, will be put to a vote at the Extraordinary General Assembly meeting scheduled for October 28, 2026.
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