11th Oct 2019 11:38
(Alliance News) - ADES International Holding PLC said Friday Chief Executive Officer Mohamed Abdelkhalek bought shares worth almost USD40,000 in the oil & gas services firm in a pair of transactions on Wednesday and Thursday.
Abdelkhalek acquired 2,500 shares at between USD13.11 and USD13.40 each on Wednesday, worth a combined USD33,113. On Thursday, Abdelkhalek picked up a further 500 shares at USD13.00 each worth USD6,500 in total.
Shares in ADES were unchanged at USD13.00 in London on Friday.
Following the transactions, Abdelkhalek held 2.1 million shares - equivalent to a 4.7% stake - in the Middle East and North Africa-focused firm.
By Ahren Lester; [email protected]
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