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Arabian Drilling Co.

2381
ARABIAN DRILLING
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  • Main Market
  • Energy

Stats Overview

  • Prev. Close 137.20
  • Open 137.00
  • High 137.80
  • Low 136.20
  • No. of Trades 1,271
  • Avg. Trade size* 123
  • Volume Traded 155,877
  • Value Traded (SAR) 21,383,251.40

Performance

ARABIAN DRILLING
0.60 ( 0.44% )
Compare
Index Name Index Level 1D Return
Arabian Drilling Co. 137.00 0.44%
Note: Prices are delayed minimum 5 minutes
  • *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

Trade Updates

Last Trade

Price
137.80
% Change
0.44
Volume Traded
200

Best Bid

Price 137.80
Volume Traded 2,321

Best Offer

Price 138.00
Volume Traded 25,241

52 WEEK

High
138.00
2023/01/29
Low
100.00
2022/12/12
Change**
0.0

PERFORMANCE

Start of Year
113.2
Year ago
3 Years ago

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Announcements

  • Arabian Drilling announces the results of the Ordinary General Assembly meeting (first meeting)

    2381
    ARABIAN DRILLING 0.44 %
    1444/07/04     26/01/2023 08:27:39
  • Arabian Drilling announces contract signing for offshore jack up unit with Aramco

    2381
    ARABIAN DRILLING 0.44 %
    1444/06/18     11/01/2023 09:16:44
  • Arabian Drilling Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

    2381
    ARABIAN DRILLING 0.44 %
    1444/06/11     04/01/2023 15:59:47
  • Arabian Drilling Announces the opening of nominations for membership of the Board of Directors for two vacant seats for the current session

    2381
    ARABIAN DRILLING 0.44 %
    1444/05/05     29/11/2022 15:47:31
  • Correction announcement from Arabian Drilling regarding the announcement of the Interim Financial Results for the Period Ending on 2022-09-30 (Nine Months)

    2381
    ARABIAN DRILLING 0.44 %
    1444/04/23     17/11/2022 08:13:48
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Corporate Actions

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet
Current Assets - - - -
Inventory - - - -
Investments - - - -
Fixed Assets - - - -
Other Assets - - - -
Total Assets - - - -
Current Liabilities - - - -
Non-Current Liabilities - - - -
Other Liabilities - - - -
Shareholders Equity - - - -
Total Liabilities and Shareholder Equity - - - -
Minority Interests - - - -
All Figures in
All Currency In
Last Update Date
Balance Sheet 2022-09-30
Current Assets
2,751,175.86
Inventory
173,283.67
Investments -
Fixed Assets
5,809,298.23
Other Assets
9,377.34
Total Assets
8,743,135.1
Current Liabilities
1,259,476.64
Non-Current Liabilities
2,903,259.83
Other Liabilities -
Shareholders Equity
4,580,398.64
Total Liabilities and Shareholder Equity
8,743,135.1
Minority Interests -
All Figures in Thousands
All Currency In SAR
Last Update Date 2022-11-17
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
  • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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Arabian Drilling Co.
Price 137.80
Market Cap (SAR MN) 12,264
P/E Ratio 0
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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 utilising 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 mobilisation 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 metres. 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 mobilisation 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 mobilise 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

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Equity Profile

  • Authorized Capital (SAR) 890,000,000
  • Issued Shares 89,000,000
  • Paid Capital (SAR) 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
  • Date Established

    1964/04/07

  • Financial Year End

    31/12

  • Listing Date

    2022/11/07

  • External Auditors

    [KPMG]

  • ISIN CODE

    SA15L1I156H7

  • Number of Employees

    4419

  • Chairman

    Khalid Mohammed Nouh
    Non - Executive

    Khalid Mohammed Nouh
    • BD Session Start
      2021-11-02
      Designation
      Chairman
    • BD Session End
      2026-12-01
      Classification
      Non - Executive
    • Qualification
      Bachelor's degree in Mechanical Engineering
  • Board of Directors

    Tarik Risq Non - Executive

    Tarik Risq
    • BD Session Start
      2021-11-02
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Non - Executive
    • Qualification
      Bachelor's degree in Electrical Engineering

    Waleed Abdullah Al Mulhim Non - Executive

    Waleed Abdullah Al Mulhim
    • BD Session Start
      2021-11-02
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Non - Executive
    • Qualification
      Bachelor's degree in Petroleum Engineering

    Samir Seth Non - Executive

    Samir Seth
    • BD Session Start
      2021-11-02
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Non - Executive
    • Qualification
      Bachelor of Commerce

    Jesus Lamas Rios Non - Executive

    Jesus Lamas Rios
    • BD Session Start
      2022-02-27
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Non - Executive
    • Qualification
      Bachelor of Science in Mechanical Engineering

    Kholoud Abdulaziz Al Dukail Independent

    Kholoud Abdulaziz Al Dukail
    • BD Session Start
      2023-01-25
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Independent
    • Qualification
      Bachelor's in international finance and Commerce

    Vijay Kasibhatla Non - Executive

    Vijay Kasibhatla
    • BD Session Start
      2021-11-02
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Non - Executive

    Michael Eric Mannering Independent

    Michael Eric Mannering
    • BD Session Start
      2023-01-25
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Independent
    • Qualification
      BSc First Class Honours

    Adnan Hani Ghabris Independent

    Adnan Hani Ghabris
    • BD Session Start
      2023-01-25
      Designation
      Board of Directors
    • BD Session End
      2026-12-01
      Classification
      Independent
    • Qualification
      Bachelor Chemical Engineer
  • Senior Executives

    Ghassan Sulaiman Mirdad CEO

    Ghassan Sulaiman Mirdad
    • BD Session Start
      2022-02-24
      Designation
      Senior Executives
    • BD Session End
      -
      Classification
      CEO

    Hubert Lafeuille CFO

Hubert Lafeuille
  • BD Session Start
    2020-02-02
    Designation
    Senior Executives
  • BD Session End
    -
    Classification
    CFO

Investor Relations

Contact Name:

Investor Relations

Company Address:

Khobar

Contact Details:

Telephone: 0138297022
Fax: 0138826588
Email: ir@arabdrill.com

Company Website:

www.arabdrill.com


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