Arabian Drilling Co. Announces Contract Sign Off with GCC - affiliated company
| Element List | Explanation |
|---|---|
| Introduction | Arabian Drilling signs international contract for offshore drilling operations |
| Date of Announcement of the Award | 2025-07-29 Corresponding to 1447-02-04 |
| Contract Subject Matter | Arabian Drilling signs international contract for offshore drilling operations |
| The Entity with Which the Contract was Signed | GCC - affiliated company |
| Date of Signing the Contract | 2025-07-29 Corresponding to 1447-02-04 |
| Contract Value | SAR 75 million |
| Contract Details | Arabian Drilling has successfully signed of an international contract for offshore drilling operations for a total value of 75 million riyals for a period of from 5 to 7 months. |
| Contract Duration | from 5 to 7 months |
| Financial Impact and the Relevant Period | The operations are set to begin in the first quarter of 2026 and will have an accretive impact on the backlog of SAR 75 million. |
| Related Parties | Not Applicable |
| Additional Information | Not Applicable |
| Attached Documents |  |
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