ADES International Holding ADES Appoints Non-Executive Director (7159R)
04 March 2019 - 6:01PM
UK Regulatory
TIDMADES
RNS Number : 7159R
ADES International Holding
04 March 2019
ADES International Holding PLC. - Appointment of Non-Executive
Director
(London & Dubai, 4 March 2019) ADES International Holding
PLC. ("ADES" or the "Group"), a leading oil & gas drilling and
production services provider in the Middle East and North Africa
(MENA), is pleased to announce the appointment of Mr. Hatem Soliman
as a Non-Executive Director with immediate effect.
Mr. Soliman brings a wealth of international industry
experience, having spent 36 years with Schlumberger after joining
the Company in 1982 as a graduate electrical engineer. His
longstanding career with Schlumberger included senior roles in the
Middle East, Europe, Latin America and the Caribbean. From 2010 to
2016, Mr. Soliman held the position of President of Schlumberger
Latin America, before taking on the role as President of
Schlumberger Middle East and Asia. Before his retirement from
Schlumberger in October 2018, Mr. Soliman was appointed as a Senior
Advisor to Schlumberger's global CEO.
Dr. Mohamed Farouk, Chief Executive Officer of ADES,
commented:
"I am delighted to welcome Hatem to the Board. His extensive
global and regional experience and invaluable sector insight will
be a strong asset to the Group as we continue our growth
trajectory. I look forward to working with him at this time of
significant opportunity for ADES."
-Ends-
Enquiries
ADES International
Holding
Hussein Badawy
Investor Relations
Officer ir@adesgroup.com +2 (0)2527 7111
Instinctif
+44 (0)20 7457
David Simonson david.simonson@instinctif.com 2020
+44 (0)20 7457
George Yeomans george.yeomans@instinctif.com 2020
+44 (0)20 7457
Sarah Hourahane sarah.hourahane@instinctif.com 2020
NOTES TO EDITORS
About ADES International Holding
ADES International Holding extends oil and gas drilling and
production services through its subsidiaries and is a leading
service provider in the Middle East and Africa, offering onshore
and offshore contract drilling as well as workover and production
services. Its over 4,000 employees serve clients including major
national oil companies ("NOCs") such as Saudi Aramco, Kuwait Oil
Company and Sonatrach as well as joint ventures of NOCs with global
majors including BP and Eni. While maintaining a superior health,
safety and environmental record, the Group currently has a fleet of
thirty onshore drilling rigs, thirteen jack-up offshore drilling
rigs, a jack-up barge, and a mobile offshore production unit
("MOPU"), which includes a floating storage and offloading unit.
For more information, visit investors.adihgroup.com
Forward-looking statements
Certain statements contained in this announcement, including any
information as to the Group's strategy, plans or future financial
or operating performance constitute "forward looking statements".
These forward-looking statements can be identified by the use of
forward looking terminology, including the terms "believes",
"estimates", "anticipates", "projects", "expects", "intends",
"aims", "plans", "predicts", "may", "will", "seeks" or "should" or,
in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts. They
appear in a number of places throughout this announcement and
include statements regarding the intentions, beliefs or current
expectations of the Directors of the Company concerning, amongst
other things, the Group's results of operations, financial
condition and performance, prospects, growth and strategies and the
industry in which the Group operates.
By their nature, forward looking statements address matters that
involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Forward looking statements are not guarantees of future performance
and the Group's actual results of operations and financial
condition, and the development of the business sector in which the
Group operates, may differ materially from those suggested by the
forward-looking statements contained in this announcement. In
addition, even if the Group's results of operations and financial
condition, and the development of the industry in which the Group
operates, are consistent with the forward- looking statements
contained in this announcement, those results or developments may
not be indicative of results or developments in subsequent
periods.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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