Landslide shareholder vote begins final countdown to ADES-Shelf Drilling merger completion

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is one step closer to wrapping up its merger with the UAE-based Shelf Drilling, thanks to the lion’s share of the latter’s shareholders endorsing the business combination after the Saudi player upped its initial takeover offer.