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Ades Holding Company
Energy
Prospectus
DownloadCompany Contact Details
P.O. Box
7429 Prince Turki Street, Corniche District
Al Khobar 2203
Kingdom of Saudi Arabia
Phone
00966138499904
FAX
009660133313331
Website
www.adesgroup.com
Company Main Activities
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 for more information, please refer to company prospectus.
| Summary | |
|---|---|
| Authorized Capital | 1,129,062,513 SAR |
| Issue Type | Equity |
| Total Issue Shares | 1,129,062,513 |
| Issue Price | 13.5 |
| Shares Offering Size | 338,718,754 |
| Percentage of Shares offering size to be total issue shares | 30% |
| Issue Manager | SNB Capital Company |
| Main Underwriter | GIB Capital, HSBC Saudi Arabia, Al Rajhi Capital, Saudi Fransi Capital, EFG Hermes KSA, Goldman Sachs SA, J.P. Morgan SA, SNB Capital |
| Important Dates | |
|---|---|
| Financial Year End | 12-31 |
| Offering Date | 2023/09/26 |
| Closing Date | 2023/09/28 |
| Receiving Entities |
|---|
| Saudi National Bank, Al Rajhi Bank, Riyad Bank, Arab National Bank. |