Ades Holding Co. (2382)

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News

06:18 AM ADES Holding secures SAR 345m project award in Thailand

Riyadh - Mubasher: ADES Holding Company was awarded a SAR 345 million ($92 million) contract from Valeura Energy, a subsidiary of Valeura Energy Inc., to provide offshore drilling services in Thailand. The agreement comprises a three-year tenor, …

Company News

12 April 11:31 AM ADES extends offshore rig contract in Nigeria

Riyadh - Mubasher: ADES Holding Company has extended the drilling contract with Chevron Nigeria Limited for its premium jackup rig, Shelf Drilling Scepter, for one year, with a one-year unpriced option. The extension adds approximately SAR 178 …

Companies Investments

30 March 10:37 AM ADES Holding’s global investments prompt higher profits in 2025; dividends announced

Riyadh - Mubasher: ADES Holding Company generated 1.93% year-on-year (YoY) higher net profits attributable to the owners at SAR 818.01 million in 2025, versus SAR 802.49 million. The earnings per share (EPS) went up to SAR 0.74 last year from SAR …

Board of Directors

29 December 2025 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes

Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …

Global Economy

27 November 2025 06:06 PM ADES Holding’s unit secures SAR 236m contract for jackup rig in Brunei

Riyadh - Mubasher: ADES Holding Company has secured, through its wholly owned subsidiary Shelf Drilling, which was recently acquired, a new contract for the Compact Driller standard jackup with Brunei Shell Petroleum Sdn (BSP). Under the two-year …

Companies Investments

26 November 2025 05:37 PM ADES Holding acquires Shelf Drilling to fuel global expansion

Riyadh - Mubasher: ADES Holding Company has acquired Shelf Drilling Limited through a cash merger, anchoring the Saudi group’s position as a global leader in offshore drilling. ADES Holding currently has a combined fleet of 83 offshore units and …

Companies Investments

3 November 2025 02:10 PM ADES Holding generates SAR 4.7bn revenues in 9M-25

Riyadh - Mubasher: ADES Holding Company logged net profits amounting to SAR 607.50 million in the first nine months (9M) of 2025, up 0.20% year-on-year (YoY) from SAR 606.25 million. The revenues climbed by 1.57% to SAR 4.70 billion as of 30 …

Financial Results

2 November 2025 00:19 PM ADES Holding resumes contracts in Saudi Arabia to meet global demands

Riyadh - Mubasher: ADES Holding Company has received resumption notices for one of its offshore contracts and several onshore contracts in Saudi Arabia. Expected to commence in January 2026, the offshore contract aims to meet its client’s needs, …

Companies Investments

18 September 2025 11:03 AM ADES Holding increases cash offer in Shelf Drilling merger

Riyadh - Mubasher: ADES Holding Company, ADES International Cayman (BidCo), and Shelf Drilling have revised the terms of the proposed cash merger, increasing the offer to NOK 18.50 per share. The revised offer has secured irrevocable commitments …

Mergers and Acquisitions

4 September 2025 09:52 AM Saudi ADES pens SAR 808m agreement with QatarEnergy

Riyadh – Mubasher: ADES Holding Company inked a contract for offshore drilling services for its jackup rig, Aquamarine Driller, with QatarEnergy. The two parties signed the agreement on 2 September, with an estimated backlog of SAR 808 million …

Global Economy

5 August 2025 08:07 PM ADES Holding’s profits cross SAR 388m in H1-25; dividends approved

Riyadh – Mubasher: ADES Holding Company recorded net profits valued at SAR 388.36 million in the first half (H1) of 2025, down 3.62% year-on-year (YoY) from SAR 402.97 million. Revenues edged down by 0.27% to SAR 3.04 billion as of 30 June 2025 …

Financial Results

1 June 2025 04:51 PM ADES Holding expands West African footprint via SAR 129m contract award

Riyadh – Mubasher: ADES Holding Company has been awarded a SAR 128.90 million contract for the use of Admarine 510 in Cameroon, marking the Saudi group’s entry into its 13th country of operations. The one-year deal also aligns with the company’s …

Companies Investments