Ades Holding Co. (2382)

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News

5 October 04:00 PM ADES Holding’s shareholders to vote on 100% capital hike

Riyadh - Mubasher: ADES Holding Company has invited its shareholders to an extraordinary general meeting (EGM) scheduled for 28 October to vote on a board recommendation to increase the company’s capital by 100%. The proposed capital hike will …

General Assembly

27 September 07:47 AM CMA approves ADES Holding's capital increase via bonus shares

Riyadh - Mubasher: The Capital Market Authority (CMA) greenlighted ADES Holding Company’s capital increase to SAR 2.25 billion from SAR 1.12 billion. The expansion will be executed through the issuance of one bonus share for every one existing …

Management Decisions

15 September 09:50 AM ADES Holding concludes SAR 1bn acquisition of Saipem Saudi Arabia

Riyadh - Mubasher: ADES Holding Company has completed its acquisition of Saipem Saudi Arabia Limited through its indirectly owned subsidiary, ADES Saudi Arabia Limited. The transaction, valued at approximately SAR 1.07 billion ($285 million), …

Companies Investments

12 August 10:57 AM ADES Holding to resume operations for all suspended offshore rigs in Saudi Arabia

Riyadh - Mubasher: ADES Holding Company received official notices to resume operations for all of its offshore rigs that were previously subject to temporary suspensions in Saudi Arabia. The company stated that the resumption reflects the …

Companies Investments

11 August 01:41 PM ADES Holding to distribute SAR 221m interim dividends for H1-26

Riyadh - Mubasher: The board of ADES Holding Company has approved the distribution of SAR 220.83 million in interim cash dividends to shareholders for the first half (H1) of 2026. The payout is equivalent to SAR 0.20 per share, representing 20% of …

Board of Directors

10 August 10:48 AM ADES Holding achieves SAR 365m net profits in H1-26

Riyadh - Mubasher: ADES Holding Company logged a net profit of SAR 364.97 million for the first half (H1) of 2026, representing a 4.65% decrease from the SAR 382.76 million in H1-25. The company’s revenue for the six-month period climbed by 49.04% …

Company News

16 July 12:00 PM ADES Holding unveils SAR 483m offshore drilling contract in UK North Sea

Riyadh - Mubasher: ADES Holding Company has secured a new offshore drilling services contract for the Shelf Drilling Fortress jack-up rig in the British sector of the North Sea. The agreement, signed with NEO Energy E&P UK Limited, carries a total …

Company News

16 July 09:16 AM ADES Holding secures SAR 375.5m offshore drilling contract in Nigeria

Riyadh - Mubasher: ADES Holding Company has secured a new offshore drilling services contract in Nigeria valued at approximately SAR 375.30 million ($100.10 million). The agreement was signed with Seplat Energy Producing Nigeria unlimited, a …

Company News

29 June 05:40 PM ADES Holding greenlights dividend mandate, appoints external auditor

Riyadh - Mubasher: ADES Holding Company announced the results of its Ordinary General Meeting (EGM) held on 28 June 2026, where shareholders approved the authorization of semi-annual interim dividends for 2026 and the reappointment of KPMG as the …

Cash Dividends

24 June 12:19 PM ADES Holding’s unit intends to acquire Saipem for $285m

Riyadh - Mubasher: ADES Holding Company announced that its indirectly owned subsidiary, ADES Saudi Limited Company, has entered into a binding sale and purchase agreement to acquire Saudi Arabian Saipem Limited for $285 million (SAR 1.07 billion). …

Mergers and Acquisitions

9 June 04:35 PM ADES Holding’s board recommends 100% capital hike

Riyadh - Mubasher: The board of ADES Holding Company proposed increasing the company’s capital by 100% through the issuance of bonus shares, according to a bourse filing. The new capital will stand at SAR 2.25 billion distributed over 2.25 billion …

Company News

31 May 09:57 AM ADES Holding’s recommendation unchanged with revised TP – Aljazira Capital

Riyadh – Mubasher: The ‘Overweight’ recommendation on ADES Holding Company has recently been maintained by Aljazira Capital with a revised TP of SAR 22.7 per share. The adjusted TP was increased from SAR 18.9 per share, according to Aljazira …

Company News

18 May 11:39 AM ADES Holding rolls out SAR 181m contract for jack-up in Nigeria

Riyadh - Mubasher: ADES Holding Company has secured a new contract for its Main Pass IV standard jack-up rig in Nigeria, estimated at SAR 180.70 million ($48.20 million). The contract has a one-year firm term, with an additional one-year unpriced …

Companies Investments

17 May 02:08 PM Saudi ADES Holding extends Shelf Drilling contract for over SAR 832m

Riyadh - Mubasher: ADES Holding Company has extended its contract for the Shelf Drilling Winner with Tenaz Energy Netherlands B.V. for operations in the Dutch sector of the North Sea, according to a press release. The deal, which commenced in …

Companies Investments

13 May 05:34 AM ADES Holding delivers strong performance during Q1-26 despite operational suspensions in GCC

Riyadh - Mubasher: ADES Holding Company registered net profits attributable to the shareholders totaling SAR 236.44 million in the first quarter (Q1) of 2026, an annual rise of 21.78% from SAR 194.15 million. The revenues climbed by 62.61% to SAR …

Company News

23 April 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, …

Companies Investments

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 …

Macroeconomics

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