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Ades Holding Co.

2382
ADES
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  • Main Market
  • Energy

Stats Overview

  • Prev. Close 19.60
  • Open 19.64
  • High 19.78
  • Low 19.42
  • No. of Trades 4,611
  • Avg. Trade size* 404
  • Volume Traded 1,863,183
  • Value Traded (SAR) 36,418,019.84

Performance

ADES
-0.10 ( -0.51% )
Compare
Name Price Change %
Ades Holding Co. 19.64 -0.51%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
19.50
% Change
-0.51
Volume Traded
1

Best Bid

Price 19.50
Volume 543

Best Offer

Price 19.54
Volume 3,461

52 WEEK

High
26.10
2024/01/24
Low
14.84
2023/10/11
Change**
0.0

PERFORMANCE

Start of Year
24.64
Year ago
3 Years ago

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Announcements

  • ADES Holding Company Maintains its Solid Market Share in Qatar with a New Letter of Award for a Jack-up Drilling Rig

    2382
    ADES -0.51 %
    1445/10/05     14/04/2024 08:04:56
  • ADES Holding Company Announces Contracts Update for its Rigs in Saudi Arabia; Reiterates Financial Guidance for 2024

    2382
    ADES -0.51 %
    1445/09/25     04/04/2024 09:09:21
  • ADES Finalizes Recent EGPC Award to Increase Brownfield Oil Production in Egypt with the Signing of Related Long-term Service Agreement

    2382
    ADES -0.51 %
    1445/09/17     27/03/2024 08:04:18
  • Ades Holding Co. Receives Letter of Intent (LOI) for a Jack-up Rig Contract in Thailand

    2382
    ADES -0.51 %
    1445/09/14     24/03/2024 08:10:39
  • Ades Holding Co. announces its Annual Financial results for the period ending on 2023-12-31

    2382
    ADES -0.51 %
    1445/08/24     05/03/2024 08:02:31
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Corporate Actions

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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet
      Total Assets - - - -
      Total Liabilities - - - -
      Total Shareholders Equity (After Deducting the Minority Equity) - - - -
      Total Liabilities and Shareholders Equity - - - -
      Statement of Income
      Total Revenue (Sales/Operating) - - - -
      Net Profit (Loss) before Zakat and Tax - - - -
      Zakat and Income Tax - - - -
      Net Profit (Loss) after Zakat and Tax - - - -
      Total Comprehensive Income - - - -
      Profit (Loss) per Share - - - -
      Cash Flow
      Net Cash From Operating Activities - - - -
      Net Cash From Investing Activities - - - -
      Net Cash From Financing Activities - - - -
      Cash and Cash Equivalents, Beginning of the Period - - - -
      Cash and Cash Equivalents, End of the Period - - - -
      All Figures in
      All Currency In
      Last Update Date

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Balance Sheet
      Total Assets
      Total Liabilities
      Total Shareholders Equity (After Deducting the Minority Equity)
      Total Liabilities and Shareholders Equity
      Statement of Income
      Total Revenue (Sales/Operating)
      Net Profit (Loss) before Zakat and Tax
      Zakat and Income Tax
      Net Profit (Loss) after Zakat and Tax
      Total Comprehensive Income
      Profit (Loss) per Share
      Cash Flow
      Net Cash From Operating Activities
      Net Cash From Investing Activities
      Net Cash From Financing Activities
      Cash and Cash Equivalents, Beginning of the Period
      Cash and Cash Equivalents, End of the Period
      All Figures in
      All Currency In
      Last Update Date

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      Ades Holding Co.
      Price 19.50
      Market Cap (SAR MN) 23,146
      P/E Ratio 51.21
      Index Name Index Level 1D Return
      Ades Holding Co. %
      Jump To:
      • Announcements & Corporate Actions
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      Company Profile

      Company overview

      The Company main activity is managing its subsidiaries, investing the funds of its subsidiaries, owning the properties and movables necessary to carry out its activity, providing loans, guarantees and financing to its subsidiaries, owning industrial property rights of the subsidiaries and leasing industrial property rights to its subsidiaries or third parties. The Group main activities are as follows: Contracting services for excavation and maintenance of onshore and offshore wells. Services related to oil extraction. Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services. Provision of maintenance and production services.

      Company History

      ADES Holding Company (the Company) is a Saudi mixed closed joint stock company registered under Commercial Registration No. 2051245446 dated 04/06/1444H (corresponding to 28/12/2022G), whose establishment was licensed under Ministerial Resolution No. 1415 dated 25/05/1444H. Its head office is located at 7429 Prince Turki Street, Corniche District, Al Khobar 2203, Kingdom of Saudi Arabia. The history of the Group dates back to 2002G, when its first subsidiary, ADES Egypt, was established. The Group operates through its branches and subsidiaries incorporated in various countries, including the following: (1) the Kingdom of Saudi Arabia, (2) Kuwait, (3) the United Arab Emirates, (4) Egypt, (5) the Cayman Islands, (6) Bermuda, (7) Cyprus, (8) Liberia, (9) Qatar, (10) Tunisia, (11) Algeria, (12) Libya, (13) Indonesia, and (14) Kongo. The Company directly and wholly owns one subsidiary, ADES International, which is a private limited holding company established in Dubai International Financial Center in 2016G. It directly and indirectly owns all the 22 Subsidiaries of the Group.

      Company Bylaws

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      Equity Profile

      • Authorized Capital (SAR) 1,129,062,513
      • Issued Shares 1,129,062,513
      • Paid Capital (SAR) 1,129,062,513
      • Par Value/Share 1
      • Paid Up Value/Share 1

      Last Update :2023-10-09

      Investment limits

      There are no investment limits on the company's shares as per the Rules for Foreign Investment in Securities based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities.

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
      • Date Established

        2022/12/28

      • Financial Year End

        31/12

      • Listing Date

        2023/10/11

      • External Auditors

        [Ernst & Young Professional Services (a professional LLC)]

      • ISIN CODE

        SA55SG6H5716

      • Number of Employees

        3024

      • Chairman

        Ayman Mamdouh Fathy Abbas
        Non - Executive

        Ayman Mamdouh Fathy Abbas
        • BD Session Start
          2022-12-26
          Designation
          Chairman
        • BD Session End
          2027-12-26
          Classification
          Non - Executive
        • Qualification
          University degree in Business Administration, The American University in Cairo, Egypt, 1996G.
        Companies Membership
        • Memebrship Name
          ADES Drilling Services Ltd. Company
          Start Date
          2019-01-01
        • Memebrship Character
          Chairman
          End Date
          -
        • Memebrship Name
          ADES International for Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Advanced Transport Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Kuwait Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Prime Innovations for Trade SAE Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ADES International Holding Ltd. Company
          Start Date
          2016-01-01
        • Memebrship Character
          Executive Chairman
          End Date
          -
        • Memebrship Name
          Intro Solar Energy Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Intro Energy Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Intro Sustainable Resources Holding Company
          Start Date
          2020-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          M2 Facilities Management Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Advansys Engineering Services & Consultancy Company
          Start Date
          2015-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Hills Integrated Construction Services Company
          Start Date
          2015-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) SAE Company
          Start Date
          2011-01-01
        • Memebrship Character
          Chairman
          End Date
          -
      • Board of Directors

        Mohamed Farouk Mohamed Abdelmeguid Abdelkhalek Deputy Chairman - Executive

        Mohamed Farouk Mohamed Abdelmeguid Abdelkhalek
        • BD Session Start
          2022-12-26
          Designation
          Board of Directors
        • BD Session End
          2027-12-31
          Classification
          Deputy Chairman - Executive
        • Qualification
          Bachelors degree in Electrical Engineering Cairo University, Egypt 1991G
        Companies Membership
        • Memebrship Name
          Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ADES International for Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Advanced Transport Services Co.
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Kuwait Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          United Precision Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Precision Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Prime Innovations for Trade Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Schneider Electric Engineering Services Company
          Start Date
          2017-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Intro Investments Holding Ltd. Company.
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ADES International Holding Ltd. Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Compass Capital for Financial Investments Compnay
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) SAE Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Egyptian Chinese Drilling Company
          Start Date
          2012-01-01
        • Memebrship Character
          Director
          End Date
          -

        Muteb Muhammad Saad Alshathri Non - Executive

        Muteb Muhammad Saad Alshathri
        • BD Session Start
          2022-09-03
          Designation
          Board of Directors
        • BD Session End
          2027-12-26
          Classification
          Non - Executive
        • Qualification
          Masters degree in Business Administration Harvard University USA, 2015G. Bachelors degree in Industrial Engineering, Northwest University USA 2008G.
        Companies Membership
        • Memebrship Name
          Depa PLC
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Chairman
          End Date
          -
        • Memebrship Name
          Saudi Jordanian Investment Co.
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Vice Chairman
          End Date
          -
        • Memebrship Name
          Saudi Bahrain Investment Company
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Vice Chairman
          End Date
          -
        • Memebrship Name
          Saudi Sudanese Investment Company
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Vice Chairman
          End Date
          -
        • Memebrship Name
          Saudi Iraqi Investment Company
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Vice Chairman
          End Date
          -
        • Memebrship Name
          Capital Bank
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -
        • Memebrship Name
          Saudi Egyptian Investment Company
          Start Date
          2021-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -
        • Memebrship Name
          Saudi Co. for Touristic Investment
          Start Date
          2021-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -
        • Memebrship Name
          Qassim Cement Company
          Start Date
          2020-01-01
        • Memebrship Character
          Non-executive Vice Chairman
          End Date
          -
        • Memebrship Name
          Saudi Cement Company
          Start Date
          2019-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -

        Fadi Adel Mohamed Al Said Non - Executive

        Fadi Adel Mohamed Al Said
        • BD Session Start
          2022-09-03
          Designation
          Board of Directors
        • BD Session End
          2027-12-26
          Classification
          Non - Executive
        • Qualification
          Masters degree in Business Administration Cass Business School United Kingdom, 2013G. Chartered Financial Analyst (CFA), 2010G. Bachelors degree in Economy University of Jordan Jordan 1989G
        Companies Membership
        • Memebrship Name
          B.TECH Company
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -
        • Memebrship Name
          Depa PLC
          Start Date
          2022-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -
        • Memebrship Name
          Saudi Jordanian Investment Fund Co.
          Start Date
          2021-01-01
        • Memebrship Character
          Non-executive Director
          End Date
          -

        Hatem Ahmed Al Sayed Soliman Non - Executive

        Hatem Ahmed Al Sayed Soliman
        • BD Session Start
          2022-12-26
          Designation
          Board of Directors
        • BD Session End
          2027-12-26
          Classification
          Non - Executive
        • Qualification
          Bachelors degree in Electrical Engineering, Helwan University, Egypt, 1980G
        Companies Membership
        • Memebrship Name
          OEC Company
          Start Date
          2022-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ABIS Services Company
          Start Date
          2020-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ABIS Services Company
          Start Date
          2022-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Intro Group
          Start Date
          2020-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Ocyan Company
          Start Date
          2019-01-01
        • Memebrship Character
          Director
          End Date
          -

        Abdullrahman Khalid Abdullah Al Zamil Non - Executive

        Abdullrahman Khalid Abdullah Al Zamil
        • BD Session Start
          2022-12-26
          Designation
          Board of Directors
        • BD Session End
          2027-12-26
          Classification
          Non - Executive
        • Qualification
          Masters degree in Executive Financial Management, London Business School, United Kingdom, 2017G. Bachelors degree in Financial Management, King Fahd University of Petroleum and Minerals, Saudi Arabia, 2008G.
        Companies Membership
        • Memebrship Name
          Innovative Energy Holding Company
          Start Date
          2021-01-01
        • Memebrship Character
          Non-executive director
          End Date
          -
        • Memebrship Name
          Malam Investments Limited Company
          Start Date
          2020-01-01
        • Memebrship Character
          Non-executive director
          End Date
          -
        • Memebrship Name
          Dhahran International Exhibitions Company
          Start Date
          2020-01-01
        • Memebrship Character
          Non-executive director
          End Date
          -
        • Memebrship Name
          Yamama Red Bricks and Clay Products Company
          Start Date
          2019-01-01
        • Memebrship Character
          Non-executive director
          End Date
          -
        • Memebrship Name
          Zamil Group Investments Ltd Company.
          Start Date
          2018-01-01
        • Memebrship Character
          Executive director and chairman
          End Date
          -
        • Memebrship Name
          Zamil Food Industries Ltd Company.
          Start Date
          2018-01-01
        • Memebrship Character
          Executive chairman
          End Date
          -
      • Senior Executives

        Mohamed Farouk Mohamed Abdelmeguid Abdelkhalek CEO

        Mohamed Farouk Mohamed Abdelmeguid Abdelkhalek
        • BD Session Start
          2023-11-02
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO
        • Qualification
          PhD in Systems and Control Engineering, Case Western Reserve University, Ohio, USA, 1997G. Masters degree in Electrical Engineering and Control Cairo University, Egypt 1993G. Bachelors degree in Electrical Engineering, Cairo University, Egypt 1991G
        Companies Membership
        • Memebrship Name
          Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ADES International for Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Advanced Transport Services Co.
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          United Precision Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Precision Drilling Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Prime Innovations for Trade Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Schneider Electric Engineering Services Company
          Start Date
          2017-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Intro Investments Holding Ltd. Company.
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          ADES International Holding Ltd. Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Compass Capital for Financial Investments Compnay
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) SAE Company
          Start Date
          2016-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Egyptian Chinese Drilling Company
          Start Date
          2012-01-01
        • Memebrship Character
          Director
          End Date
          -
        • Memebrship Name
          Kuwait Advanced Drilling Services Company
          Start Date
          2018-01-01
        • Memebrship Character
          Director
          End Date
          -

        Hussein Mohammed Abdul Salam Hassan Badawy CFO

      Hussein Mohammed Abdul Salam Hassan Badawy
      • BD Session Start
        2016-01-02
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO
      • Qualification
        Bachelors degree in International Business Administration, Sadat Academy for Administrative Sciences, Egypt, in cooperation with the University of New Brunswick, Canada, in 2008G.
      Companies Membership
      • Memebrship Name
        Emerald Driller Company
        Start Date
        2022-01-01
      • Memebrship Character
        Director
        End Date
        -
      • Memebrship Name
        ADES Egypt
        Start Date
        2021-01-01
      • Memebrship Character
        Director
        End Date
        -
      • Memebrship Name
        Compass Capital Financial Investments Company
        Start Date
        2020-01-01
      • Memebrship Character
        Director
        End Date
        -

      Investor Relations

      Contact Name:

      Hussain Mohamed Abdelsalam Hassan Badawy

      Company Address:

      7429 Prince Turki Street Alkornaish District Al Khobar 2203

      Contact Details:

      Telephone: +966138499904
      Fax : +9660133313331
      Email : Hussein.Badawy@adesgroup.com

      Company Website:

      www.adesgroup.com


      Name Of Subsidiary Percentage Of Property Main Business Location Of Operation Country Of Operation
      Advanced Energy Systems (ADES) S.A.E. 100.00% Oil & gas drilling and production services Egypt, Algeria, and India Arab Republic of Egypt
      ADES Saudi Limited Company 99.99% Oil & gas drilling and production services Kingdom of Saudi Arabia Kingdom of Saudi Arabia
      Precision Drilling (Cyprus) Company 100.00% Holding company N/A Republic of Cyprus
      Kuwait Advanced Drilling Services 100.00% Leasing of rigs Kuwait Cayman Islands
      Prime Innovations for Trade S.A.E 99.99% Trading N/A Arab Republic of Egypt
      ADES International for Drilling 100.00% Drilling Equipment Rental Algeria Cayman Islands
      AG for Training (AG Academy) 70.00% Training Egypt Arab Republic of Egypt
      Advanced Transport Services 100.00% Leasing of transportation equipment N/A Cayman Islands
      Advanced Drilling Services 100.00% Trading N/A Cayman Islands
      ADES Holding Drilling Services Ltd. 100.00% Investment in Oil & Gas Projects N/A United Arab Emirates
      ADES International Holding Ltd. 100.00% Holding company N/A United Arab Emirates
      Emerald Drilling Company 100.00% Oil & gas production services and drilling& production services Qatar Cayman Islands
      ADES Drilling Services I Ltd. 99.99% Leasing of rigs Kingdom of Saudi Arabia Bermuda
      ADES Drilling Services II Ltd. 99.99% Leasing of rigs Kingdom of Saudi Arabia Bermuda
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      ADES Drilling Services V Ltd. 99.99% Leasing of rigs Kingdom of Saudi Arabia Bermuda
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      ADES GCC for Drilling Ltd. 99.99% Production services oil and gas drilling and production services Kingdom of Saudi Arabia Bermuda
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