Saudi Arabian Saipem Limited shares transferred following regulatory approvals.
This archive article is dated to the original source announcement.
Saipem completed the sale of its entire holding in Saudi Arabian Saipem Limited to ADES Saudi Limited Company. The transaction announced in June closed after regulatory approvals and customary conditions were satisfied.
The business operates three owned and two leased jack-up drilling rigs. A separate bareboat charter allows Saipem to continue using Perro Negro 10 in ongoing Mexican operations. This is a business divestment rather than a new EPC construction contract.
Fine Star Group and Azra Green Stone signed a memorandum on installing a standard processing plant.
Hedayatullah Badri reviewed mine activity and urged the contractor to meet its obligations.
The agreement provides a framework for smart manufacturing, automation and digital-product-passport cooperation.
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