ADES’ Profit Drops by 11%

• Wednesday, 13th September 2017
• by Egypt Oil & Gas

Advanced Energy Systems (ADES Group) International Holding experienced an 11% drop in pretax profits during the first half of 2017 due to the costs associated with its initial public offering, reported Market Watch. T...

ADES Group Appoints New CFO

• Wednesday, 13th September 2017
• by Egypt Oil & Gas

Advanced Energy Systems (ADES Group) has appointed Ahmed El Khatib to be its new Chief Financial Officer (CFO), OE Digital reported. The appointment was effective immediately. El Khatib has worked for more than 20 yea...

ADES Offers 40% Stake in London Stock Market

• Wednesday, 7th June 2017
• by Sarah Samir

Advanced Energy Systems (ADES Group) completed offering 40% of its shares on London Stock Exchange at a price of $16.50 per share, with total proceeds of $278m, reported Al Mal News. The floatation is managed by EFG-H...

ADES Group Considers European Offers

• Monday, 8th May 2017
• by Sarah Samir

Advanced Energy Systems (ADES Group) is studying offers by European firms, including proposals from British companies and banks, to acquire shares in the company, reported Al Borsa. ADES will make a decision regarding...