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
Equity Profile
- Authorized Capital  (^)1,129,062,513
- Issued Shares1,129,062,513
- Paid Capital  (^)1,129,062,513
- Par Value/Share1
- Paid Up Value/Share1
Last Update :2023-10-09
