Saudi-backed oil and gas driller ADES likely to price IPO at top of range

Saudi-backed oil and gas driller ADES likely to price IPO at top of range

An employee inspects oil transport pipes at the Juaymah tank farm at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. Photographer: Simon Dawson/Bloomberg

Oil and gas driller ADES Holding is expected to price its initial public offering (IPO) at the top of a range announced this week, one of the banks on the deal said on Thursday.

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