#Arabian Drilling

Arabian Drilling posts SAR920m on higher rig activity

Arabian Drilling’s Q3 revenue surges by 16% on higher rig activity

The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs

Arabian Drilling operations

Arabian Drilling’s Q1 revenue surges by 4% to SAR779m

The drilling company’s earnings before interest, taxes, depreciation and amortisation in Q1 2023 reached SAR323m, with a margin of 41.5 per cent


Saudi oil driller hires Goldman, HSBC, SNB Capital for local IPO

Arabian Drilling operates 45 rigs and had revenue of $586m last year

Schlumberger-backed Arabian Drilling planning Saudi IPO

Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year