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ADES Holding Company Secures New Award in Egypt, Leveraging its Strong Global Platform to Quickly Redeploy Three out of Five Temporarily Suspended Rigs in KSA

2382
ADES
0.89 %
1445/10/26     05/05/2024 08:07:25

Element ListExplanation
Date of the Award 2024-05-02 Corresponding to 1445-10-23
Counterparty Suez Oil Company (SUCO)
Contract Value Approximately SAR 161 million
Contract Details Firm direct contract award for 21-month with SUCO in Egypt for a standard jack-up rig from it's existing fleet.
Related Parties N/A
Attached Documents  

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.

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Key Parameters
Last Price 18.06
Net Change 0.16 (+0.89%)
Value Traded (Sar) 71,408,454.56
Volume Traded 3,974,332
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