Arabian Drilling Offshore Fleet Hits 100% Utilization

ARABIAN DRILLING

2381.SA

0.00

On August 12, 2026, Arabian Drilling (Tadawul: 2381), Saudi Arabia's largest drilling contractor by fleet size, announced that it has received notice of resumption of operations for its remaining suspended offshore rigs. This development reflects the continued recovery in offshore market activity and is expected to drive the company's offshore fleet utilization to 100% by the end of the third quarter of 2026. The achievement of full utilization marks a significant milestone for Arabian Drilling, underscoring its operational readiness, disciplined execution, and capacity to effectively respond to market demand.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97592&anCat=1&cs=2381&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/28194_3703_2026-08-12_08-33-13_en.pdf

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.

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