On August 19, 2026, Arabian Drilling Company published an addendum to its announcement dated August 18, 2026, regarding its expansion into a new GCC market. The Company disclosed that it signed a contract with Masirah Oil Limited and Northern Offshore Ltd on August 17, 2026, to drill two firm wells and two optional wells in Oman, with a contract value of less than 5% of total revenue as per the audited financial statements for 2025. The contract, which has no related parties involved, will conclude upon completion of drilling operations. No additional financial impact beyond what was previously disclosed is expected, with the financial effect anticipated to be reflected in the Company's 2026 financial results.

Original announcement:

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