Arabian Drilling Resumes Three Suspended Offshore Rigs

ARABIAN DRILLING

2381.SA

0.00

On July 12, 2026, Arabian Drilling (Tadawul: 2381), Saudi Arabia's largest drilling contractor by fleet size, announced it has received notice of resumption of operations for three previously suspended offshore rigs that were disclosed earlier in 2026. The suspensions were implemented as a precautionary measure in response to regional conditions and were temporary in nature, carried out in coordination with clients and stakeholders with safety as the primary priority. The Company expects the remaining suspended offshore rigs to commence operations in the second half of 2026, with offshore fleet utilization projected to reach 100% by end of 2026, marking a full recovery to normalized operating conditions.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96719&anCat=1&cs=2381&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/28194_3703_2026-07-12_08-43-11_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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