ADES Receives Resumption Notices for All of its Temporarily Suspended Offshore Rigs in Saudi Arabia
| Element List | Explanation |
|---|---|
| Previous Announcement | Ades Holding Co. Provides an Update on Its Operations and Announces Full-Year 2026 EBITDA Guidance, Implying a 33-44% Increase from Previous Year’s Upper-End Guidance, Underpinned by Synergies, Diversified Business Growth and Global Platform Strength |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-03-24 Corresponding to 1447-10-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | ADES Holding Company (“ADES”, the “Group” or the “Company”), a world‑leading oil and gas drilling services provider, is pleased to announce that it has received resumption notices for all of its temporarily suspended offshore rigs in Saudi Arabia. The resumption reflects the sustained strength of offshore market fundamentals, with contracted jackup utilization already holding around 90 percent and day rates remaining firm, a structurally tight market that continues to favor ADES as the largest owner of jackup rigs globally. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Attached Documents |  |
