PIF-backed ADES sets offering price at $3.60 per share: report

RIYADH: ADES Holding Co., partially owned by Saudi Arabia’s Public Investment Fund (PIF), has reportedly set the final price for its initial public offering on the Kingdom’s main exchange at SR13.50 ($3.60) per share.

According to a Reuters report, this pricing implies a valuation of $4.06 billion for the oil and gas driller.