The hydrocarbon IPO market in the Middle East and North Africa (MENA) continues to sizzle. Following significant IPO rounds that introduced subsidiaries of Saudi Arabia's oil titan Aramco and Abu Dhabi's national oil company ADNOC, another substantial IPO is gaining momentum. ADES Holding, a prominent oil and gas drilling firm with partial backing from Saudi Arabia's sovereign wealth fund PIF, has affirmed its intention to forge ahead with its scheduled IPO on the Saudi Exchange.
ADES announced that the IPO will encompass 338,718,754 common shares,…ADES Holding's Ambitious IPO Targets $1 Billion
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