ESG

Dr. Mohamed Farouk has been a member of the ADES’s Board and has served as chief executive officer since 2012, during which time he has led the Company’s expansion into new markets and services as ADES transforms into a leading global rig operator headquartered in Al Khobar- Saudi Arabia since 2022.

Dr. Farouk joined the Group from Invensys Operations Management (IOM), a FTSE 100 company, where he was most recently senior vice president for global delivery and operations based in Texas. He served earlier with Invensys as Director of Invensys Global Engineering Excellence Centers in Egypt, India, China and Argentina, prior to which he was the General Manager of Invensys Engineering and Services in Egypt. He began his career in 1991 as a Project Engineer at ConiSys Egypt, a provider of control and instrumentation systems technology.

Dr. Farouk holds a PhD in systems engineering and control from Case Western Reserve University of Ohio, USA. He was subsequently an associate professor of electrical engineering at Cairo University.

Hussein Badawy serves as the group CFO since December 2021. Prior to his appointment as the group CFO, he held important roles as the Corporate Investor Relations and Finance Director. Bringing over more than 15+years of experience, Hussein has played a pivotal role in ensuring sustainable capital growth and bringing financial stability to the group, through generating successful strategic investments that are backed up by strong Capital Structures. In addition to all Finance functions, Mr. Badawy spearheads our Strategic Planning and Decision Support that serves the group with profound strategies, analytics, and foresight.

Prior to joining ADES, Mr. Badawy served as the Senior Relationship Manager for the Corporate & Investment Banking Group with Arab International Bank, a multilateral bank.

Mr. Badawy holds a bachelor’s degree in International Business Administration from Sadat Academy for Management Sciences in collaboration with the university of New Brunswick – Canada and has a Professional Certification in Credit Risk & Risk Management from AUC School of Business.

Morcos William serves as the Group General Counsel and Company Secretary. Prior to joining the group, he was the Head of Legal Affairs at Orascom Telecom Media and Technology Holding and Principal Lawyer for Mobinil (now Orange).

Mr. William brings 20 years of knowledge and experience in diverse business sectors including telecommunications, media, technology, real estate, maritime and oil and gas. His legal expertise varies from capital markets, restructuring, and acquisitions to financing projects. Mr. William has gained recognition in his field for serving as the group General Counsel in relation to ADES’s significant expansion

Over the past 8 years, he led the ADES Group legal team in many projects including listing and delisting from the London Stock Exchange, supporting the group operations across its multiple jurisdictions, and undertaking several group restructurings and loan syndications.

Mr. William holds a Bachelor of Law and a Master of International Commercial Transactions and Logistics from the Arab Academy for Science and Technology.

Montasser Samy serves as the Chief Operations Officer, heading the ADES business in the Kingdom of Saudi Arabia and is a key stakeholder of the ADES leadership team.

Mr. Samy started his career in the field of Fracturing & Stimulation in Schlumberger and has held different leadership roles across Europe, Middle East, Russia & the US. Mr. Samy’s last role in SLB was as the Global VP of Integrated Production Services based out of the UK. He has also held the roles of Vice President of Well Services for Middle East & Asia and Vice President of Deep water Well Integrity.

Mr. Samy holds a bachelor’s degree in Mechanical Engineering from the American University in Cairo

Mehdi Hamel serves as the Vice president QHSSE & Sustainability; where in his capacity, he plays a pivotal role in setting strong fundamentals of culture of Quality, Health, Safety, Security, Environment and Sustainability across our global footprint.

Mr. Hamel has over 22 plus years of professional experience and has worked across different countries across the world. Mehdi has held several senior positions as Senior Chief Geophysicist, Sr Operation Manager, Supply Chain Director and Quality, Health, Safety, Security, and Environment Director for Schlumberger Ltd. (SLB).

Mr. Hamel holds a Master’s degree in Geophysics Engineering from Houari Boumediene University in Algeria and has a Bachelor’s degree in Earth Sciences, University of Science and Technology from Houari Boumediene in Algeria

Ahmed Abdelhady is the Chief Commercial and Strategy Officer with responsibilities for defining and implementing the Group’s business objectives and strategies as well as leading the overall marketing efforts for the Group’s fleet.

In his current role, Mr. Abdelhady is heading the Commercial and Strategy functions. Prior to joining ADES Group, Ahmed spent more than 10 years with Shelf Drilling in Dubai, United Arab Emirates where he most recently served as Director of Marketing for the Middle East, Europe and North Africa regions.

Mr. Abdelhady brings an excess of twenty years of industry experience having assumed senior managerial and leadership roles in Marketing & Contracts, Drilling Operations, Projects, Asset Management & QHSE with other industry leading names like legacy GlobalSantaFe and Transocean. Ahmed started his offshore drilling career in SantaFe back in 2001.

Mohamed Saad currently assumes the role of Asset Management Vice President. Since joining, Mr. Saad capitalizes on the steady and multi-disciplinary engineering activities and the successful technical and maintenance strategies that ensure successful operating company assets, setting of premium processes & quality standards across our various activities and fleet of Offshore Jack-up Rigs, Onshore Rigs, Barge, MOUP and FSO. At ADES, Mr. Saad oversaw the largest project in the drilling sector of managing and delivering 19 rigs in the Kingdom.

Mr. Saad has a wealth of professional record of 15+ years of solid experience and technicalities assuming multiple roles with an industry big name as Transocean, where he successfully kicked off his career as a Tour Mechanic in Transocean-Egypt and led ahead a fast-growing career till his last appointment as Asset Manager with Transocean – Malta in 2015.

Mr. Saad holds a Bachelor of Mechanical Power Engineering where he holds several technical certifications and studies to his credit.

Manoj Parmesh serves as the Chief People Officer and is heading the People and Learning functions.

Mr. Parmesh has over two and half decades of experience in the field of Strategic Human Resources, Capability building, large scale people mobilization, organization development and competency development programs. Mr. Parmesh has an excellent understanding of the upstream oil & gas industry, having worked with E & P, Oil Field Services and Drilling Contractors. Mr. Parmesh has worked in different geographies in Asia, Middle East & North Africa and has held HR leadership roles in Reliance Industries Offshore E & P Business, Weatherford International’s Drilling Rigs business

He also worked at C-Suite level for Muscat based listed company Renaissance Services. Manoj is an alumnus of MIT Sloan and Indian Institute of Management Kozhikode (IIM-K) and is a Chartered Fellow of CIPD of the UK. Manoj is also actively involved in the professional forums of IADC, SPE and CIPD.

Mr. Parmesh holds a Bachelor’s degree in physics from University of Calicut in India, Post Graduate Diploma in Personnel Management from the National Institute of Personnel Management, Kolkatta, in India, Post Graduate Certificate Program from the Indian Institute of Management, Kozhikode in India and a Certificate in Executive Program in General Management from MIT Sloan School of Management, USA.

Wissam Al Adany serves as the Chief Information Officer, bringing over 28 years of profound experience in digital transformation within multinational organizations, having spent over 4 years in Brazil and Kazakhstan spearheading digital transformation efforts of these organizations.

Before assuming the role at ADES, Mr. Al Adany held pivotal positions as the Regional CIO for the United Nations across Eastern Europe, Central Asia, and MENA regions, as well as within Lafarge and GB Auto, esteemed entities within the building materials and automotive sectors, respectively

Recognized for his exceptional leadership and contributions, Mr. Al Adany has been bestowed with prestigious accolades, including the CIO200 award as a distinguished CIO Legend in Africa and MENA for consecutive years 2021 and 2022. Further affirming his prowess, he was honored as the best CIO of Automotive in MENA by the esteemed Global CIO Forum. Additionally, Mr. Al Adany has been consistently recognized by IDC, receiving the esteemed “CIO of the Year” title for consecutive years 2021 and 2020, and being listed among the top 20 CIOs in 2023

Mr. Al Adany holds a master’s degree in Finance and Operations Management from the American University in Cairo (AUC) and a Bachelor of Communication and Electronics Engineering from Ain Shams University, Faculty of Engineering

Ammar Abbas serves as the Vice President of Supply Chain, with an extensive career spanning 25 years. Mr. Abbas boasts rich expertise in Procurement, Strategic Sourcing, Logistics & Customs, Material Management, Inventory Management, Global Traceability, Product Planning, and Sales & Operations Planning (S&OP). His comprehensive mastery of supply chain dynamics extends to the intricacies of the Oilfield industry, covering both its technical facets and geographical complexities

His professional journey includes senior leadership roles in the supply chain domain across significant regions, namely MEA, Europe, Africa, and North America, where he contributed significantly during his tenures at SLB. Furthermore, he held pivotal Champion and Executive Supply Chain positions at NESR.

Mr. Abbas holds a bachelor’s degree in economics, accounting and business administration from Aleppo University in Syria. Mr. Abbas’s commitment to excellence is underscored by his acquisition of esteemed certifications in Supply Chain training from reputable institutions in Europe and the USA. Mr. Abbas also obtained training certification in strategic executive Supply chain management from MIT.

Ayman Abbas has been involved in ADES Group’s Board since inception and has held position of Chairman since 2003. He has played a key role in transforming the Company into a global player.

IIn addition to his positions on the Board of ADES Group, Mr. Ayman has held executive positions in several organizations, including Director General for Schneider Electric Engineering Services, and Executive Chairman for ADES International Holding Ltd. He was also previously Chairman for Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) SAE, an Egyptian joint stock company listed on the EGX, and ADES Egypt.

Mr. Ayman holds a Bachelor’s degree in Business Administration from the American University in Cairo, Egypt.

Dr. Mohamed Farouk has been a member of the ADES’s Board and has served as chief executive officer since 2012, during which time he has led the Company’s expansion into new markets and services as ADES transforms into a leading global rig operator headquartered in Al Khobar- Saudi Arabia since 2022.

Dr. Farouk joined the Group from Invensys Operations Management (IOM), a FTSE 100 company, where he was most recently senior vice president for global delivery and operations based in Texas. He served earlier with Invensys as Director of Invensys Global Engineering Excellence Centers in Egypt, India, China and Argentina, prior to which he was the General Manager of Invensys Engineering and Services in Egypt. He began his career in 1991 as a Project Engineer at ConiSys Egypt, a provider of control and instrumentation systems technology.

Dr. Farouk holds a PhD in systems engineering and control from Case Western Reserve University of Ohio, USA. He was subsequently an associate professor of electrical engineering at Cairo University.

Fadi Al Said is a non-executive director of the Board of Director of the Company bringing a wealth of experience to ADES Board. He also currently sits on the Boards of B-TECH, Depa PLC, the Saudi Jordanian Investment Fund (SJIF) and Saudi Jordanian Investment Company (SJIC).

He also holds the position of Senior Director at the Saudi Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia.

Previously, Mr. Fadi held several executive positions, including Managing Director and Head of Mena Investments for Lazard Asset Management in the UAE, and Director and Head of MENA for ING Investment Management.

Mr. Fadi graduated from the University of Jordan with a Bachelor of Economics and holds an MBA from Cass Business School. He is also a CFA charter holder.

Muteb Alshathri brings extensive industry experience to his role as Board Member at ADES Group. He joined the Public Investment Fund in 2018 and currently serves as a Senior Director leading the MENA Private Equity Funds section, in addition to the regional investment companies. He also sits on board of listed companies and non-listed companies across MENA. He previously served as an Advisor at Saudi Aramco and Manager at RICC.

Mr. Muteb graduated from Northwest University with a bachelor’s degree in Industrial Engineering, and holds an MBA from Harvard University

Hatem Ahmed Elsayed Soliman is a highly experienced sector professional who serves as a Board Member at ADES Group and a Director for ADES Holding Company. He is also a Director for several companies including OEC, a leading Brazilian company operating in the engineering, procurement, and construction field, ABYSS Services, an Australian Company operating in the Artificial Intelligence (AI) sector, Intro Group, and Ocyan, a Brazilian deep water drilling company.

Mr. Hatem has previously served as Board Member at both Exten and ADES International and was also Senior Adviser to Schlumberger’s Global CEO between 2017 and 2018. Prior to that, he served as Executive President of the Middle East, Asia, Pacific regions and Latin America at Schlumberger.

Mr. Hatem holds a bachelor’s degree in Electrical Engineering, which he received from Helwan University.

Abdulrahman Khalid Al Zamil is a non-executive member of the Board of Directors of the Company, he is also the Chairman of the Board at both Al Zamil Food Industries, and sits as President and Executive Board of Directors on the Board of Zamil Group Investment Company

In addition, Mr. Abdulrahman is also Board member at many renowned companies, including Innovative Energy, MLM Investments, Dhahran International Exhibitions, Gulf Stabilizers Industries, and Yamama Red Bricks Factories. In addition to being the Chairman of Zamil Food Industries, he is also the chairman of the company’s Executive Committee.

Mr. Abdulrahman holds a bachelor’s degree in finance and economics from King Fahd University, as well as a master’s degree in executive MBA from London Business School

Kamel Bennaceur is an independent member of the Board of Directors of the Company, he is also the Chairman of DAMORPHE Company, a nano-technology focused start-up developing and selling high-value for the energy sector, and Chief Executive Officer of Nomadia Energy, Abu Dhabi.

Mr. Bennaceur brings over 40 years of experience in the fields of oil and gas, alternative energy, innovation, research and development, energy markets economics and outlooks and presiding worldwide engineering association.

His previous roles include serving as the Minister of Industry, Energy and Mines Government of Tunisia, President of Society of Petroleum Engineers (SPE), Dallas - a leading global professional energy organization and Chief Economist at ADNOC Abu Dhabi, and Chief Economist as Schlumberger, Paris/Houston.

Mr. Bennaceur holds a bachelor’s degree in in Mathematics from the University of Paris, a Masters Degree Engineering/ Applied Math from Ecole Polytechnique Paris and an Aggregation in Mathematics from Ecole Normale Superieure, France.

Haitham AlFayez is an independent member of the Board of Directors of the Company. Mr. Haitham is currently the Chief Executive Officer of Awqaf Investment Company, as well as a as a Board Member at several companies including Albilad Bank, Kidana Development Company, Umm Al Qura Development and Construction, Ekhaa Charity of Orphans Care Foundation and an Executive Committee member at Arriyadh Holding Company.

Among his previous roles, Mr. Haitham served as Executive Director of Local Investment at Kingdom Holding, Head of Direct Investment Department at Saudi Aramco’s Investment Department, Director Proprietary Investment at Jadwa Investments, Economic Policy Associate at United Nations Development Programme and Senior Credit Analyst at Saudi Industrial Development Fund.

Mr. Haitham holds a bachelor’s degree in Information Systems, which he received from King Fahd University of Petroleum & Minerals at Saudi Arabia and earned an MBA in Business Administration from Imperial College London in Britain.

Mohamed Walid Cherif serves as an independent member of the Board of Directors and Chairman of the Audit Committee of the Company. Mr. Walid is Founder & Managing Partner, BluePeak Private Capital. Mr. Walid has more than 25 years of experience in international finance in Emerging Markets. He has raised and invested more than US$ 1 billion of capital and has structured and executed more than 30 transactions on the investment and divestment sides.

Mr. Walid was an independent director of several companies operating in the Middle East and Africa across several industries

Mr. Walid founded the private credit business of Gulf Capital in 2011, focused on structured investments across Africa, the Middle East, and Turkey, and previously headed the GSC Group - NBK Capital Mezzanine Fund operating in the Middle East and Turkey. Before joining NBK Capital in 2007, Walid spent ten years at the International Finance Corporation in Washington, D.C., Istanbul, and Dubai.

Mr. Walid holds a Bachelor in Finance from the Institute Superior de Gestion in France and a Master’s degree in Finance and Investments from George Washington University in USA.