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Ades Holding Co. M&A Activity 2025
53338_rns_2025-11-26_6df9e88a-ea60-48e7-a716-00887a859dea.html
M&A Activity
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ADES Completes Acquisition of Shelf Drilling, Cementing its Position as the Global Leader in Offshore Drilling
2382 · 26/11/2025 08:00:52 · Announcement #91739 · View on Saudi Exchange
ADES Completes Acquisition of Shelf Drilling, Cementing its Position as the Global Leader in Offshore Drilling
| Element List | Explanation |
|---|---|
| Previous Announcement | ADES Holding Company announces the latest development on the proposed merger with Shelf Drilling, Ltd. and confirms expected completion date |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-11-19 Corresponding to 1447-05-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Reference is made to the stock exchange announcement as of November 19, 2025, regarding the latest development on the proposed merger with Shelf Drilling, Ltd. and expected completion date confirmation. |
ADES is pleased to announce the successful completion of its acquisition of Shelf Drilling, Ltd. through a cash merger. The acquisition marks a pivotal step in ADES’ transformation, firmly establishing ADES as the global leader in offshore drilling, with a combined fleet of 83 offshore units (46 premium units) and 40 onshore rigs, now operating across 19 countries — up from 13 previously — making ADES one of the broadest and most geographically diversified offshore drilling platforms in the world with operations now spanning its home market in Saudi Arabia, the GCC, and key growth regions such as Southeast Asia and West Africa. The costs associated with the event, and if they have changed or not with indication of the reasons. There has been no change to the cost associated for the cash consideration of NOK 18.5 per share. Attached Documents 
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.