ADES Holding Co. issued an operational update in light of the current regional situation.
The company said in a statement on Tadawul that some of the group’s offshore drilling rigs in the GCC region were recently subject to temporary suspensions due to ongoing regional tensions. 
Based on currently available information, the group believes these suspensions are short-term and temporary in nature.
The company reaffirmed its commitment to ensuring the safety of its employees and assets, while continuing to closely coordinate with clients and relevant stakeholders to monitor developments and maintain operational readiness.
It added that the group’s scale and geographic diversification—comprising 123 drilling rigs across 20 countries— position it well to manage such short-term disruptions, supported by its diversified business model.
ADES Holding also announced its 2026 EBITDA guidance in the range of SAR 4.50 billion to SAR 4.87 billion, representing an increase of 33% to 44% compared with the upper end of its 2025 guidance of SAR 3.39 billion.
The company said its 2026 earnings outlook is supported by several factors, most notably improved visibility on the performance of Shelf Drilling Ltd. following its acquisition, increased confidence in the realization of expected operational synergies, and continued momentum across the group’s international markets.
The group continues to benefit from the diversification of its operating base and geographic expansion, alongside encouraging tender activity and rising utilization rates driven by the current tender pipeline, which are expected to positively impact day rates in selected international markets.
At the same time, it highlighted the continued positive contribution from its production-led model activities, supported by favorable oil prices and sustained customer demand to boost output from mature fields.
ADES Holding Co. issued an operational update in light of the current regional situation.
The company said in a statement on Tadawul that some of the group’s offshore drilling rigs in the GCC region were recently subject to temporary suspensions due to ongoing regional tensions.
Based on currently available information, the group believes these suspensions are short-term and temporary in nature.
The company reaffirmed its commitment to ensuring the safety of its employees and assets, while continuing to closely coordinate with clients and relevant stakeholders to monitor developments and maintain operational readiness.
It added that the group’s scale and geographic diversification—comprising 123 drilling rigs across 20 countries— position it well to manage such short-term disruptions, supported by its diversified business model.
ADES Holding also announced its 2026 EBITDA guidance in the range of SAR 4.50 billion to SAR 4.87 billion, representing an increase of 33% to 44% compared with the upper end of its 2025 guidance of SAR 3.39 billion.
The company said its 2026 earnings outlook is supported by several factors, most notably improved visibility on the performance of Shelf Drilling Ltd. following its acquisition, increased confidence in the realization of expected operational synergies, and continued momentum across the group’s international markets.
The group continues to benefit from the diversification of its operating base and geographic expansion, alongside encouraging tender activity and rising utilization rates driven by the current tender pipeline, which are expected to positively impact day rates in selected international markets.
At the same time, it highlighted the continued positive contribution from its production-led model activities, supported by favorable oil prices and sustained customer demand to boost output from mature fields.
