‎Arabian Drilling signs new GCC contract

‎<p><img src="https://argaamplus.s3.amazonaws.com/92678f4d-147a-4836-a871-54cc041155e4.png" ></p> <p class="ckeCaption" >Arabian Drilling expands into a new GCC market after signing a contract with a new client</p> <hr> <div data-olk-copy-source="MessageBody" ><a href="https://www.argaam.com/en/tadawul/tasi/arabian-drilling" target="_blank">Arabian Drilling Co.</a> signed a contract with a new client in one of the GCC countries, marking its expansion into a new market within the region, according to a <strong>Tadawul</strong> statement.</div> <div data-olk-copy-source="MessageBody" ></div> <div data-olk-copy-source="MessageBody"> <p >The company expects operations to commence before the end of the third quarter of 2026. The contract is expected to strengthen the company’s backlog, enhance future revenues, and support its long-term financial performance.</p> <p ></p> <p >Arabian Drilling added that the new contract follows the early completion of its first international offshore drilling contract, which enabled the company to redeploy its offshore drilling rig to operate in another GCC country.</p> <p ></p> <div data-olk-copy-source="MessageBody" >In July 2025, Arabian Drilling signed an international offshore drilling contract worth SAR 75 million with a subsidiary of a GCC-based company, according to <span ><strong>Argaam </strong></span>data.</div> <div data-olk-copy-source="MessageBody" ></div> <div >The company then said operations were scheduled to commence in the first quarter of 2026, with the contract having a duration of five to seven months.</div> </div>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

18th August 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.