Page 14 - MEOG Week 07 2022

MEOG NEWS IN BRIEF MEOG

were also in attendance. Saudi Stock Exchange in early 2023, Almal The Saudi market contributes around 54
REUTERS reported, citing ADES’ parent INTRO Group’s percent to ADES International’s revenues,
CEO. compared to 19 percent from Egypt and
Mamdouh Abbas added that the Saudi 24 percent from Kuwait, according to the
SERVICES bourse is suitable for this type of energy company’s annual report last year.
and petroleum-related firm, pointing to the Based in Egypt, INTRO Group is a private
ADES International to list on possibility of considering another listing on conglomerate that comprises a diverse group
of companies in various fields including
the Egyptian Stock Exchange at a later date.
Saudi bourse in 2023 Investment Fund has a 32.5 percent stake, trading and commercial representation, oil
Innovative Energy, in which the Public
and gas and engineering.
UK-listed oil and gas services provider ADES owns 100 percent of ADES International ARAB NEWS
International Holding will list its shares on the shares.

P14 www. NEWSBASE .com Week 07 16•February•2022