Mubasher: Burgan Company for Well Drilling, Trading, and Maintenance denied the news reported in Al Jarida Newspaper on Tuesday, 8 October, under the headline (Listed company sells $30 million assets in Dubai).

The news did not include a disclosure, claiming that a company is working in the oil industry and the agreement was signed weeks ago.

In this regard, Burgan Drilling affirms that such news is untrue and irrelevant to it, according to a bourse statement on Wednesday.

On Tuesday, Gulf Petroleum Investment (PetroGulf) also denied the same news reported in Al Jarida Newspaper, emphasising that it does not own any assets or oil drilling rigs in Dubai.