ADES International Holding ADES Appoints Non-Executive Director (7159R)

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."

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Enquiries

 
 ADES International 
  Holding 
 Hussein Badawy 
 Investor Relations 
  Officer              [e-mail]                  [phone] 
 
   Instinctif 
                                                         [phone] 
 David Simonson        [e-mail]      2020 
                                                         [phone] 
 George Yeomans        [e-mail]      2020 
                                                         [phone] 
 Sarah Hourahane       [e-mail]     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.

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March 04, 2019 02:01 ET (07:01 GMT)