Ades Holding Co. (2382)

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News

18 September 2025 03:00 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 repre

Mergers and Acquisitions

5 August 2025 03:00 AM 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 from S

Sector Reports

1 June 2025 03:00 AM 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 expan

Companies Investments

5 May 2025 03:00 AM ADES Holding’s net profits exceed SAR 196.5m in Q1-25

Riyadh – Mubasher: ADES Holding Company posted 2.07% year-on-year (YoY) lower net profits at SAR 196.67 million in the first quarter (Q1) of 2025, compared to SAR 200.84 million.The Saudi group generated revenues valued at SAR 1.47 billion as of 31 M

Sector Reports

9 April 2025 09:31 AM ADES Holding extends SAR 673.5m offshore jackup deals in Egypt

Riyadh – Mubasher: ADES Holding Company received notifications of extension for three of its offshore jackup rigs operating in Egypt, with a total estimated backlog value of SAR 673.50 million ($179.60 million). The extensions cover three …

Companies Investments

8 April 2025 02:39 PM ADES Holding renews SAR 1bn jackup deal

Riyadh – Mubasher: ADES Holding Company has signed a contract renewal for one of its standard offshore jackup rigs with A Major National Oil Company on 7 April 2025. The unit was among the six suspended rigs that were previously operating in Saudi …

Companies Investments

6 April 2025 04:52 PM ADES Holding enters Brazilian market via SAR 319m agreement

Riyadh – Mubasher: ADES Holding Company has entered a charter agreement for its premium jackup rig, Admarine 511, with Constellation Oil Services Holding to execute a contract for Petrobras in Brazil. This agreement marks the Saudi group’s entry …

Companies Investments

24 February 2025 01:51 PM ADES Holding records 80.5% higher profits in 2024; dividends announced

Riyadh – Mubasher: ADES Holding Company generated an 80.54% leap in net profit to SAR 816.19 million during 2024, versus SAR 452.07 million in 2023. Revenues hiked by 43.10% year-on-year (YoY) to SAR 6.19 billion in 2024 from SAR 4.33 billion, …

Board of Directors

9 February 2025 03:33 PM Saudi ADES Holding announces drilling contract award in Nigeria

Riyadh – Mubasher: ADES Holding Company’s jackup drilling unit Admarine 501 has been awarded a contract with Nkuku Ikon Petroleum Development Company Limited for offshore drilling operations in Nigeria. The new contract marks the final …

Companies Investments

12 January 2025 11:25 AM Saudi ADES Holding boosts global expansion plans via launching into West Africa

Riyadh – Mubasher: ADES Holding Company has expanded its global footprint after launching its oil and gas business in the eleventh country, according to a press release. The company’s offshore jackup rig Admarine 504 has been awarded a drilling …

Global Economy