In a significant development on Wednesday, ADES Holding Co., a Saudi Arabian oil drilling company, attracted orders worth 286.9 billion riyals ($76.5 billion) for its $1.2 billion initial public ...

Saudi Arabia’s ADES Holding Company has started taking investor orders for its planned initial public offering (IPO), which is aimed at raising as much as SAR4.6bn ($1.21bn) at a price range of ...

RIYADH – ADES Holding Company (“ADES” or the “Company”) and together with its subsidiaries (the “Group”), a leading oil and gas drilling and production services provider in the Middle East and North ...

Oil driller ADES Holding Company, backed by Saudi's Public Investment Fund (PIF), has announced its intention to proceed with an initial public offering (IPO) to raise $1 billion and list its ...

The ADES Holding Company was established in 2022 as a Saudi company owned by ADES Investments Holding, Saudi’s Public Investment Fund, and Zamil Investment. In October 2023, the company offered 30% of ...

SNB Capital, the leading investment bank and asset manager in Saudi Arabia, announced today the successful completion of its strategic advisory role on the initial public offering (IPO) of ADES ...