ADES Holding Co 2023 AR2
The report highlights ADES Holding's outstanding operational and financial performance in 2023, marking its inaugural year as a publicly listed company on the Tadawul Exchange. The company achieved a remarkable 75.6% year-over-year revenue growth, driven by the deployment of 14 rigs from the Aramco mega tender and expansions in Kuwait, Algeria, and India. ADES maintained an exceptional safety record with a Total Recordable Injury Rate of 0.09, significantly below the industry average. Additionally, the company introduced its first inaugural sustainability framework, aligning its ESG initiatives with the UN Sustainable Development Goals and Saudi Vision 2030.
Company: ADES Holding Co
Sector: Mining & quarrying
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 107
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ADES Holding Co
Annual Report
The report highlights ADES Holding's outstanding operational and financial performance in 2023, marking its inaugural year as a publicly listed company on the Tadawul Exchange. The company achieved a remarkable 75.6% year-over-year revenue growth, driven by the deployment of 14 rigs from the Aramco mega tender and expansions in Kuwait, Algeria, and India. ADES maintained an exceptional safety record with a Total Recordable Injury Rate of 0.09, significantly below the industry average. Additionally, the company introduced its first inaugural sustainability framework, aligning its ESG initiatives with the UN Sustainable Development Goals and Saudi Vision 2030.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Water Consumption
Workplace Fatalities
Employees