Mohamed Farouk is a man equally at home in choppy waters or calm. When the Egyptian takes the wheel on his sailing boat, it is usually in the relatively benign Red Sea, but the turbulent state of the rig market means helming jack-up owner ADES International is set to be an altogether bumpier ride.
The Cairo native, in his role as chief executive, has just taken the Egyptian company to London’s main bourse with a small fleet boasting big clients such as Saudi Aramco.
