Arabian Drilling Co. (2381)

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News

13 May 10:00 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 03:28 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 …

Board of Directors

4 April 03:01 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 12:07 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 02:11 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 03:20 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

2 August 2023 03:29 PM Arabian Drilling unveils SAR 282m profits in H1-23, dividends

Riyadh – Mubasher: The net profits after Zakat and tax of Arabian Drilling jumped by 35.58% to SAR 282 million in the first half (H1) of 2023 from SAR 208 million in H1-22. Revenues surged by 25.50% year-on-year (YoY) to SAR 1.57 billion as of 30 …

Financial Results

14 May 2023 06:51 PM Arabian Drilling’s net profit jumps 50% in Q1-23

Riyadh – Mubasher: Arabian Drilling witnessed an annual increase of 50% in net profit after Zakat and tax to SAR 141 million during the first quarter (Q1) of 2023 from SAR 94 million. The earnings per share (EPS) rose to SAR 1.59 in Q1-23 from SAR …

Financial Results

19 March 2023 11:23 AM Arabian Drilling logs SAR 558m profits in 2022 results

Riyadh – Mubasher: Arabian Drilling Company achieved SAR 557.70 million in net profit after Zakat and tax in 2022, a 103.84% year-on-year (YoY) leap from SAR 273.60 million. The Saudi firm generated revenues worth SAR 2.70 billion as of 31 …

Financial Results

11 January 2023 05:37 PM Arabian Drilling inks SAR 650m deal with Aramco

Riyadh – Mubasher: Arabian Drilling Company signed a contract with Saudi Arabian Oil Company (Saudi Aramco) at a value exceeding SAR 650 million for one offshore jack-up unit. Under the five-year agreement, Arabian Drilling will supply an offshore …

Companies Investments

10 November 2022 04:11 PM Arabian Drilling’s profits surge 171% in 9M-22 initial results

Riyadh – Mubasher: Arabian Drilling Company posted SAR 421 million net profit after Zakat and tax in the first nine months (9M) of 2022, an annual hike of 171.09% from SAR 155.30 million. The revenues enlarged by 21.81% to SAR 1.95 billion in the …

Financial Results