Saudi driller Ades Holding plans $132m 2025 dividend

The board of Ades Holding, the largest listed oil and gas drilling company in Saudi Arabia, has proposed a dividend of SAR265 million ($71 million) for the second half of 2025.

The payout represents 60 percent of the company’s second-half 2025 net profit.

The total dividend payment is set to reach SAR496 million ($132 million) in 2025, Ades said in 2025 financial statements published on the Saudi stock exchange on Monday.

Revenues increased 8 percent year on year to SAR6.7 billion in 2025, driven by offshore operations, rig deployment strategy, expansion into new markets and the acquisition of Dubai-based Shelf Drilling.

Net profit was SAR833 million, up 2 percent annually.

Last week the company said it had suspended “a handful” of its offshore drilling rigs because of the conflict in the Gulf.

The US-Israel and Iran war has been continuing since February 28.

Shares in Ades closed 0.5 percent higher at SAR16.29 on Sunday, down 7 percent so far this year. 

The Public Investment Fund owns nearly 24 percent of the company.

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