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Offering drilling services through onshore rigs and offshore rigs to explore oil and gas.
Overview
Arabian Drilling Co. was established in 1964 as a joint venture, with a capital of SAR 2 million in Khobar. The company operates in two segments: onshore segment, which includes provision of drilling and related services through onshore rigs, and offshore segment, which includes provision of drilling and related services through offshore rigs. Its activities also include drilling of oil and natural gas fields, offering services related to oil extraction, except surveying services, and drilling of tubular and manual water wells.
Basic Information
City: | Khobar |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1964 |
Commercial Register: | 2051026089 |
Website: | www.arabdrill.com |
ir@arabdrill.com | |
Phone | +966 13 829 7361 |
Fax | +966 13 882 6588 |
Address | Al Jawhara District - Al Khobar 31952 |
PO Box | 4110 |
Argaam Classification
Industry Peers
ADNOC Drilling |
Ades Holding Co. |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 26.70 |
Free Float % : | 30.00 |
Weight in Index % : | 0.16 |
3M Average Volume : | 337,623 |
3M Average Transactions : | 3,143 |
Change(12M) % : | 3.77 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Manufacturing and Energy Services Corporation | 31.77 | 35.70 % |
SERVICES PETROLIERS SCHLUMBERGER | 30.53 | 34.30 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Arabian Offset Ltd. | Saudi Arabia | 100.00 % |
Milestones
21-06-2022
The company’s capital was increased from SAR 800 million to SAR 890 million through a public subscription.
17-03-2022
The company’s capital was increased from SAR 22.58 million to SAR 800 million through capitalizing retained earnings.
05-11-2021
It was converted from a limited liability company into a closed joint stock company under the name “Arabian Drilling Co.”.
31-03-2010
The company’s capital was increased from SAR 20 million to SAR 22.58 million.
14-06-1999
It was converted from a closed joint stock company to a limited liability company.
23-06-1990
The company’s capital was increased from SAR 2 million to SAR 20 million.
13-04-1969
It was incorporated as a closed joint stock company under the name “Arabian Drilling Co".
07-04-1964
It was established as a joint venture, with a capital of SAR 2 million.
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