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Arabian Drilling Co.

2381
ARABIAN DRILLING
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  • Main Market
  • Energy

Stats Overview

  • Prev. Close 148.40
  • Open 151.00
  • High 154.80
  • Low 150.40
  • No. of Trades 2,071
  • Avg. Trade size* 76
  • Volume Traded 157,924
  • Value Traded (SAR) 24,116,835.80

Performance

ARABIAN DRILLING
3.60 ( 2.43% )
Compare
Index Name Index Level 1D Return
Arabian Drilling Co. 151.00 2.43%
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
152.00
% Change
2.43
Volume Traded
200

Best Bid

Price 152.00
Volume 548

Best Offer

Price 152.60
Volume 343

52 WEEK

High
159.60
2023/05/23
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

  • The Arabian Drilling Board of Directors invites the honorable shareholders to attend the Ordinary General Assembly Meeting (First Meeting)

    2381
    ARABIAN DRILLING 2.43 %
    1444/10/26     16/05/2023 15:42:38
  • Arabian Drilling Announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

    2381
    ARABIAN DRILLING 2.43 %
    1444/10/24     14/05/2023 08:19:55
  • Arabian Drilling announces its intention to release its Interim financial results for the First Quarter of 2023 on Sunday, May 14, 2023, before the trading session begins on the Saudi Exchange "Tadawul"

    2381
    ARABIAN DRILLING 2.43 %
    1444/10/17     07/05/2023 16:00:56
  • Arabian Drilling Announces its Annual Financial Results for the Year Ended on 2022-12-31

    2381
    ARABIAN DRILLING 2.43 %
    1444/08/27     19/03/2023 08:24:23
  • Arabian Drilling announces its intention to release its financial results for the Fourth Quarter and Full Year 2022

    2381
    ARABIAN DRILLING 2.43 %
    1444/08/20     12/03/2023 15:47:10
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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2022-12-31 2021-12-31
Current Assets
1,676,597
1,132,313
Inventory
172,541
143,329
Investments
1,000,000
-
Fixed Assets
6,689,884
5,266,193
Other Assets
15,027
2,385
Total Assets
9,554,049
6,544,220
Current Liabilities
809,443
1,032,895
Non-Current Liabilities
3,154,781
1,319,556
Other Liabilities - -
Shareholders Equity
5,589,825
4,191,769
Total Liabilities and Shareholder Equity
9,554,049
6,544,220
Minority Interests - -
All Figures in Thousands Thousands
All Currency In SAR SAR
Last Update Date 2023-03-19 2023-03-19
Balance Sheet 2023-03-31 2022-09-30
Current Assets
1,664,379
2,751,175.86
Inventory
213,675
173,283.67
Investments
1,000,000
-
Fixed Assets
6,801,012
5,809,298.23
Other Assets
23,913
9,377.34
Total Assets
9,702,979
8,743,135.1
Current Liabilities
863,257
1,259,476.64
Non-Current Liabilities
3,108,418
2,903,259.83
Other Liabilities - -
Shareholders Equity
5,731,304
4,580,398.64
Total Liabilities and Shareholder Equity
9,702,979
8,743,135.1
Minority Interests - -
All Figures in Thousands Thousands
All Currency In SAR SAR
Last Update Date 2023-05-21 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 152.00
Market Cap (SAR MN) 13,528
P/E Ratio 22.48
Index Name Index Level 1D Return
Arabian Drilling Co. %
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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 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

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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

    5375

  • 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: 0138297361
Fax: 0138826588
Email: ir@arabdrill.com

Company Website:

www.arabdrill.com


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