Arabian Drilling Wins New GCC Offshore Drilling Contract

ARABIAN DRILLING

ARABIAN DRILLING

2381.SA

0.00

On August 18, 2026, Arabian Drilling (Tadawul: 2381), Saudi Arabia's largest drilling contractor by fleet size, announced the signing of a contract with a new client in the GCC, marking the Company's entry into a new GCC market. Operations are expected to commence before the end of the third quarter of 2026, with the contract anticipated to support backlog growth, enhance future revenue visibility, and strengthen the Company's long-term earnings profile. This development follows the successful early completion of Arabian Drilling's first international offshore drilling contract and the subsequent redeployment of its jack-up rig to another GCC country.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97678&anCat=1&cs=2381&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/28194_3703_2026-08-18_08-43-17_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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