Arabian Drilling Co. (2381)

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News

19 August 12:23 PM Arabian Drilling signs offshore contract for Oman expansion

Riyadh — Mubasher: Arabian Drilling has signed a contract with Masirah Oil Limited and Northern Offshore Limited to expand its regional operations into Oman. The agreement, signed on 17 August 2026, covers the drilling of two confirmed wells and …

Companies Investments

18 August 10:40 AM Arabian Drilling secures SAR 250m deal to expand in GCC region

Riyadh — Mubasher: Arabian Drilling has signed a new offshore drilling contract valued at approximately SAR 250 million with a client in the GCC region. The agreement marks the company’s expansion into a new geographical market within the GCC, …

Company News

13 August 12:02 PM Arabian Drilling projects to reach full offshore fleet utilization by end of Q3-26

Riyadh — Mubasher: Arabian Drilling announced that it has received notification to resume operations for all remaining offshore drilling rigs that were previously suspended. The company, which is the largest drilling contractor in Saudi Arabia by …

Company News

10 August 11:18 AM Arabian Drilling swings to losses in Q2-26 on lower rig utilization

Riyadh – Mubasher: Arabian Drilling incurred net losses valued at SAR 31.50 million for the second quarter (Q2) of 2026, compared to a net profit of SAR 7.50 million during the same period in 2025. The company attributed the downturn to a decline …

Financial Results

12 July 11:55 AM Arabian Drilling to resume operations for 3 offshore drilling rigs

Riyadh – Mubasher: Arabian Drilling has received formal notification to resume operations for three offshore drilling rigs, according to a bourse disclosure. These units had their activities suspended in early 2026 as a precautionary measure due …

Company News

7 June 05:48 PM Arabian Drilling’s OGM greenlights SAR 589.5m executed contracts with Schlumberger Middle East

Riyadh – Mubasher: The ordinary general meeting (OGM) of Arabian Drilling approved business and contracts executed with Schlumberger Middle East S.A. at a total value of SAR 589.55 million. These transactions consisted of a land drilling rig …

Companies Investments

1 June 05:24 PM Arabian Drilling invites shareholders for upcoming general assembly meeting

Riyadh – Mubasher: Arabian Drilling is inviting its shareholders to attend the online ordinary general assembly meeting (OGM), scheduled for 6:30 pm on Thursday, 4 June 2026, using Tadawulaty website. The electronic voting on the agenda items of …

General Assembly

12 May 06:51 PM Arabian Drilling’s backlog hits SAR 12.5bn in Q1-26; profits shrink 90.5%

Riyadh – Mubasher: The net profits attributable to the shareholders of Arabian Drilling fell by 90.55% to SAR 7.10 million in the first quarter (Q1) of 2026 from SAR 75.20 million in Q1-25. The revenues amounted to SAR 821.60 million in Q1-26, …

Financial Results

13 January 11:25 AM Arabian Drilling pens 3 rig contract extensions at SAR 1.4bn

Riyadh – Mubasher: Arabian Drilling signed, on 13 January, three contract extensions for land rigs with a total value of SAR 1.40 billion, adding 25 rig years to its backlog. One rig is currently operational, and another is expected to be …

Companies Investments

18 November 2025 10:07 AM Arabian Drilling renews 4 rig contracts with Aramco at SAR 2bn

Riyadh – Mubasher: Arabian Drilling secured four rig contract renewals with a total value exceeding SAR 2 billion and an additional 30 committed rig years to the company's active backlog. This brings the group’s total backlog to SAR 12.20 billion …

Companies Investments

2 November 2025 05:08 PM Arabian Drilling logs 71% lower profits in 9M-25; turns to losses in Q3

Riyadh - Mubasher: Arabian Drilling posted 70.82% lower net profits valued at SAR 73.30 million in the first nine months (9M) of 2025, compared with SAR 251.20 million in 9M-24. The revenues declined by 5.78% to SAR 2.60 billion in the …

Financial Results

19 August 2025 01:47 PM Arabian Drilling secures extension for 11 gas land rigs with SLB

Riyadh – Mubasher: Arabian Drilling extended a one-year deal for all 11 gas land rigs with SLB, with a total contract value between 15% to 20% of the company’s 2024 revenues. During the second quarter (Q2) of 2025, the company announced the …

Companies Investments

29 July 2025 02:19 PM Arabian Drilling fuels global expansion with 1st international offshore deal, UAE branch

Riyadh – Mubasher: Arabian Drilling has signed an agreement with a GCC-based company, marking its first offshore operation outside Saudi Arabia, according to a press release. The Saudi firm aims to expand its operations beyond its domestic market …

Companies Investments

2 July 2025 02:11 PM Arabian Drilling unveils 4-rig contract extensions with Aramco for SAR 1.3bn

Riyadh – Mubasher: Arabian Drilling secured contract extensions for four of its rigs with Saudi Aramco, with a combined backlog value of SAR 1.37 billion and durations ranging between one to 10 years. This milestone boosts the company's current …

Companies Investments

12 March 2025 04:26 PM Arabian Drilling generates SAR 321m net profits in 2024; full-year dividends exceed SAR 240m

Riyadh – Mubasher: Arabian Drilling recorded a net profit of SAR 321.36 million in 2024, which marked a 46.85% annual decrease from SAR 604.61 million. The earnings per share (EPS) shrank to SAR 3.61 in 2024 compared to SAR 6.79 in 2023, according …

Cash Dividends

18 February 2025 06:47 PM Arabian Drilling, Shelf Drilling form to expand offshore drilling globally

Riyadh – Mubasher: Arabian Drilling inked a memorandum of understanding (MOU) with Shelf Drilling Limited to deploy some of its premium jack-up rigs internationally. The two companies will form a strategic alliance to expand their reach and …

Companies Investments

13 November 2024 02:33 PM Arabian Drilling, Aramco pen SAR 290m deal

Riyadh – Mubasher: Arabian Drilling has secured a contract extension for one of its Saudi Arabian Oil Company (Aramco) land rigs at a value of SAR 290 million, according to a bourse disclosure. The two signed the long-term agreement on 13 November …

Companies Investments

6 November 2024 09:08 PM Arabian Drilling delivers SAR 251m net profit in 9M-24; revenue exceeds SAR 2.7bn

Riyadh – Mubasher: Arabian Drilling announced a net profit worth SAR 251.24 million during the first nine months (9M) of 2024 compared with SAR 421.80 million in 9M-23. This marks a 40.43% decline on an annual basis. The earnings per share (ESP) …

Financial Results

7 August 2024 01:32 PM Arabian Drilling’s profits cross SAR 166m in H1-24; dividends approved

Riyadh – Mubasher: Arabian Drilling logged net profits amounting to SAR 166.43 million in the first half (H1) of 2024, marking an annual plunge of 40.93% from SAR 281.76 million. The revenues hit SAR 1.90 billion in H1-24, higher by 21.40% …

Cash Dividends

13 May 2024 11:00 AM Arabian Drilling’s net profit rises over 3% YoY in Q1-24

Riyadh – Mubasher: Arabian Drilling posted a 3.54% year-on-year (YoY) increase in net profit to SAR 146 million in the first quarter (Q1) of 2024 from SAR 141 million. Revenues surged 24.13% YoY to SAR 967 million in Q1-24 from SAR 779 million, …

Financial Results

12 May 2024 04:28 PM SPARK appoints Al Naimi as new Chairman with expertise in Saudi upstream giants

Riyadh – Mubasher: Saudi industrial hub King Salman Energy Park (SPARK) has appointed Nasir Al Naimi as its new Chairman to support Saudi Arabia’s endeavours to become a global hub for trade, transport, and logistics solutions and services. Al …

Corporate Actions

4 April 2024 04:01 PM Arabian Drilling renegotiates contract with Aramco

Riyadh – Mubasher: Arabian Drilling has announced that it is in talks with Saudi Arabian Oil Company (Aramco) concerning contract suspensions of three of its offshore rigs. The suspensions could last up to a year, according to a bourse filing. …

Companies Investments

18 March 2024 01:07 PM Arabian Drilling’s net profit rises 8% YoY in 2023; dividends recommended

Riyadh – Mubasher: Arabian Drilling posted an 8.42% year-on-year (YoY) increase in net profit to SAR 605 million in 2023 from SAR 558 million. The company’s revenues soared 28.59% YoY to SAR 3.47 billion last year from SAR 2.70 billion, according …

Financial Results

6 November 2023 03:11 PM Arabian Drilling’s profits up to SAR 422m profits in 9M-23 results

Riyadh – Mubasher: Arabian Drilling posted a 0.24% rise in net profit after Zakat and tax to SAR 422 million during the first nine months (9M) of 2023, versus SAR 421 million a year earlier. The listed firm achieved revenues amounting to SAR 2.49 …

Financial Results

10 August 2023 04:20 PM Arabian Drilling signs SAR 3bn land rig contracts with Aramco

Riyadh – Mubasher: Arabian Drilling has signed long-term contracts with Saudi Arabian Oil Company (Aramco) at a value of more than SAR 3 billion, according to a bourse statement. The contracts have a duration of five years, under which Arabian …

Companies Investments