| Announcement Detail |
AlKhobar, Kingdom of Saudi Arabia – 30 October 2025: Arabian Drilling, or the “Company”, (Tadawul symbol: 2381), Saudi Arabia’s largest drilling contractor by fleet size, announced today it has received notice of resumption for two of its temporarily suspended offshore rigs at prevailing market day rates. With our first international contract and the two recalled rigs all starting operation in Q1 2026, the offshore segment utilization will record 100% in Q2 2026. This positive development follows a series of wins for Arabian Drilling, including signing a one-year extension for eleven land gas rigs, further solidifying its role as a trusted partner to major energy clients, supporting the Company’s ongoing efforts to maximize asset utilization and reinforce its leadership position. Arabian Drilling remains focused on delivering long-term value for its shareholders, clients, and partners. With a commitment to operational excellence and responsible growth, Arabian Drilling is dedicated to supporting the Kingdom’s energy ambitions. |
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