ADES Holding Co 2017 AR2
The report highlights ADES International Holding's operational and financial performance for the fiscal year 2017, marking its first year as a listed company on the London Stock Exchange. The company achieved an 18% year-on-year revenue growth to USD 158 million, driven by high rig utilization rates and geographic diversification in the MENA region. ADES maintained an exemplary safety record with a Recordable Injury Frequency Rate of 0.41, well below the industry average. Key strategic developments included a joint venture with Vantage Drilling International for deepwater drilling in Egypt and an agreement to acquire three offshore jack-up rigs in the Arabian Gulf.
Company: ADES Holding Co
Sector: Mining & quarrying
Country: Saudi Arabia
Year: 2017
Type: AR2
Pages: 57
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ADES Holding Co
Annual Report
The report highlights ADES International Holding's operational and financial performance for the fiscal year 2017, marking its first year as a listed company on the London Stock Exchange. The company achieved an 18% year-on-year revenue growth to USD 158 million, driven by high rig utilization rates and geographic diversification in the MENA region. ADES maintained an exemplary safety record with a Recordable Injury Frequency Rate of 0.41, well below the industry average. Key strategic developments included a joint venture with Vantage Drilling International for deepwater drilling in Egypt and an agreement to acquire three offshore jack-up rigs in the Arabian Gulf.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees