Arabian Drilling Names Al-Bani CEO Replacing Mirdad

ARABIAN DRILLING -1.34%

ARABIAN DRILLING

2381.SA

80.90

-1.34%

Arabian Drilling Company announced on February 8, 2026, that its Board of Directors has approved the resignation of CEO Ghassan Abdulaziz Mirdad effective February 9, 2026, due to personal reasons. The Board has appointed Fahad Abdullah Al-Bani as the new CEO, effective February 10, 2026. Al-Bani brings nearly three decades of experience in drilling engineering and previously served as Vice President of Unconventional Reservoir Engineering Drilling & Completion at Saudi Aramco, where he also held a board position at Saudi Aramco Nabors Drilling Company.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93007&anCat=1&cs=2381&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.