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Arabian Drilling Co.
- Main Market
- Energy
Stats Overview
-
Prev. Close 86.00
-
Open 86.00
-
High 86.50
-
Low 84.80
-
No. of Trades 2,256
-
Avg. Trade size* 98
-
Volume Traded 221,171
-
Value Traded (^) 18,914,075.70
Performance
- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
- MO: Market Order
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Announcements
Corporate Actions
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|---|---|---|---|
| 12/03/2025 | 13/03/2025 | 08/04/2025 | Account Transfer | ^1.35 |
| 05/08/2024 | 05/08/2024 | 22/08/2024 | Account Transfer | ^1.35 |
| 18/03/2024 | 18/03/2024 | 02/04/2024 | Account Transfer | ^2.53 |
| 02/08/2023 | 01/11/2023 | 13/11/2023 | Account Transfer | ^2.53 |
CompanyProfilev2Financials
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| Total Assets |
10,534,841
|
10,686,474
|
- | - |
| Total Liabilities |
4,596,656
|
4,725,053
|
- | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
5,938,185
|
5,961,421
|
- | - |
| Total Liabilities and Shareholders Equity |
10,534,841
|
10,686,474
|
- | - |
| Statement of Income | 2024-12-31 | 2023-12-31 | ||
| Total Revenue (Sales/Operating) |
3,618,818
|
3,476,524
|
- | - |
| Net Profit (Loss) before Zakat and Tax |
358,020
|
687,947
|
- | - |
| Zakat and Income Tax |
-36,655
|
-83,333
|
- | - |
| Net Profit (Loss) after Zakat and Tax |
321,365
|
604,614
|
- | - |
| Total Comprehensive Income |
321,589
|
596,767
|
- | - |
| Profit (Loss) per Share |
3.61
|
6.79
|
- | - |
| Cash Flows | 2024-12-31 | 2023-12-31 | ||
| Net Cash From Operating Activities |
1,749,600
|
1,360,087
|
- | - |
| Net Cash From Investing Activities |
-1,863,611
|
-789,251
|
- | - |
| Net Cash From Financing Activities |
-739,604
|
32,561
|
- | - |
| Cash and Cash Equivalents, Beginning of the Period |
1,435,422
|
832,025
|
- | - |
| Cash and Cash Equivalents, End of the Period |
581,807
|
1,435,422
|
- | - |
| All Figures in | Thousands | Thousands | ||
| All Currency In | ^ | ^ | ||
| Last Update Date | 2025-03-16 | 2024-03-19 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
|---|---|---|---|---|
| Total Assets |
10,423,653
|
10,454,676
|
10,666,544
|
10,106,994
|
| Total Liabilities |
4,554,246
|
4,551,638
|
4,558,867
|
3,183,307
|
| Total Shareholders Equity (After Deducting the Minority Equity) |
5,869,407
|
5,903,038
|
6,107,677
|
6,011,630
|
| Total Liabilities and Shareholders Equity |
10,423,653
|
10,454,676
|
10,666,544
|
10,106,994
|
| Statement of Income | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
| Total Revenue (Sales/Operating) |
863,189
|
939,303
|
966,665
|
919,581
|
| Net Profit (Loss) before Zakat and Tax |
90,111
|
22,064
|
168,128
|
167,800
|
| Zakat and Income Tax |
-5,298
|
-1,887
|
-21,873
|
-27,764
|
| Net Profit (Loss) after Zakat and Tax |
84,813
|
20,177
|
146,256
|
140,036
|
| Total Comprehensive Income |
86,385
|
20,177
|
146,256
|
140,036
|
| Profit (Loss) per Share |
0.95
|
0.23
|
1.64
|
1.57
|
| Cash Flows | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
| Net Cash From Operating Activities |
1,048,046
|
570,482
|
256,342
|
918,594,466
|
| Net Cash From Investing Activities |
-1,421,525
|
-894,081
|
-294,192
|
-269,624,998
|
| Net Cash From Financing Activities |
-681,381
|
-425,007
|
-139,719
|
-208,040,743
|
| Cash and Cash Equivalents, Beginning of the Period |
1,435,422
|
1,435,421
|
1,435,421
|
832,024,714
|
| Cash and Cash Equivalents, End of the Period |
380,562
|
686,815
|
1,257,852
|
1,272,953,439
|
| All Figures in | Thousands | Thousands | Thousands | Thousands |
| All Currency In | ^ | ^ | ^ | ^ |
| Last Update Date | 2024-11-06 | 2024-08-06 | 2024-05-19 | 2023-11-12 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
Company Profile
Company overview
The Group core activities consist of the following key segments Onshore segment which includes provision of drilling and related services through onshore rigs. Onshore drilling is a mechanical process where a well is drilled on land through underlying bedrock utilizing a stationary land rig to explore for and extract oil or natural gas operating in the Kingdom. The Group onshore fleet ranges from medium to ultra heavy rigs capable of handling complicated horizontal drilling operations and working in harsh environments such as in the Middle East. As part of this segment the Group also provides rig move services mobilization catering manpower and other services offshore segment which includes provision of drilling and related services through offshore rigs. The Group offshore drilling services include ultra heavy duty jack up rigs outfitted with high specification equipment, capable of drilling in water depth up to 375 feet 115 meters. In the offshore segment, the Group mainly operates on the shores off the Eastern coast of the Kingdom and the Neutral Zone. The Group also operates a self-propelled MPSV, providing well intervention and well testing services for its customers. As part of this segment, the Group also provides rig move services mobilization catering manpower and other services.
Company History
As estimated by the Market Consultant, Arabian Drilling and together with its wholly-owned Saudi Arabian subsidiary, Ofsat Arabia LLC was the largest drilling rig contractor in the Kingdom in terms of its available rig fleet size, with 45 rigs as of the date of this Prospectus in the Kingdom and the Saudi Arabia-Kuwait Neutral Zone comprising of 38 onshore and seven offshore rigs including one multi-purpose service vessel and excluding one offshore rig held for sale. The Group increased its fleet size in the last five years from 35 as of 31 December 2017G to 45 as of 31 December 2021G. In particular, the Group was able to mobilize and operate 16 rigs both newly acquired rigs and upgraded rigs within one year of acquisition in 2018G. As of 31 December 2021G, 37 of the 45 rigs 31 onshore and six offshore were contracted and utilised, with eight other rigs not in operation of which three were contracted but temporarily suspended, one was contracted but has yet to commence operations, four were uncontracted and idle. As of the date of this Prospectus, three onshore rigs have resumed drilling operations between January and June 2022G and another offshore rig has resumed drilling operations in April 2022G.
Company Bylaws
Equity Profile
- Authorized Capital (^) 890,000,000
- Issued Shares 89,000,000
- Paid Capital (^) 890,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2022-11-07
Investment limits
There are no restrictions on the company shares as stated in both the rules regulating qualified foreign financial institutions investment in listed securities and the instructions regulating foreign strategic investors ownership of strategic stakes in listed companies in accordance with the company articles of association and instructions issued by the supervisory and supervisory authorities to which the company is subject
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Investor Relations
Company Address:
Khobar
Contact Details:
Telephone:
0138297361
Fax
: 0138826588
Email
: ir@arabdrill.com
Company Website:
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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