Ades Holding CompanyTADAWUL: 2382

ADES: Net profit soared 106% on strong revenue and EBITDA growth, with first dividend proposed

· Issued by Ades Holding Company

Net profit more than doubled year-over-year on 54% revenue growth, with strong EBITDA margin expansion and a robust backlog. Management reiterated FY 2024 guidance and announced the first dividend payout, supported by a new USD 3 billion loan facility.

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