‎Arabian Drilling signs SAR 2B contract for 4 rigs with KJO

‎<p><img src="https://argaamplus.s3.amazonaws.com/5e848672-abbb-4c6f-be04-ecbee2860113.png"></p> <p class="ckeCaption" ><!--StartFragment-->Arabian Drilling signs nearly SAR 2 bln contract to provide four offshore jack-up rigs to KJO</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/arabian-drilling" target="_blank">Arabian Drilling Co.</a>signed a new contract, valued at nearly SAR 2 billion, with Al-Khafji Joint Operations (KJO) to provide four high-specification offshore jack-up rigs to support KJO’s offshore drilling operations.</p> <div ></div> <div >The contract, signed on Sept. 28, has a four-year term, according to a <strong>Tadawul </strong>statement.</div> <div ></div> <div >The company expects the contract’s financial impact to begin from the end of Q4 2026.</div> <div ></div> <div >There are no related parties to the contract, the company said.</div> <div ></div> <div >The contract increases Arabian Drilling’s total backlog to about SAR 18 billion and strengthens its fleet serving KJO operations in Al-Khafji. This represents a 200% increase in the number of the company’s rigs serving KJO operations.</div>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

29th September 2026

Original report

argaam.com

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.