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Arabian Drilling Co.

2381
ARABIAN DRILLING
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  • Main Market
  • Energy

Stats Overview

  • Prev. Close 131.60
  • Open 131.60
  • High 131.60
  • Low 128.40
  • No. of Trades 2,979
  • Avg. Trade size* 67
  • Volume Traded 198,121
  • Value Traded (SAR) 25,653,805.80

Performance

ARABIAN DRILLING
-2.40 ( -1.82% )
Compare
Name Price Change %
Arabian Drilling Co. 131.60 -1.82%
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
129.20
% Change
-1.82
Volume Traded
50

Best Bid

Price 129.00
Volume 2,900

Best Offer

Price 129.20
Volume 14,068

52 WEEK

High
214.20
2024/01/17
Low
124.80
2024/06/09
Change**
-20.74

PERFORMANCE

Start of Year
194.2
Year ago
163
3 Years ago

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Announcements

  • Arabian Drilling announces provide an update related to the offshore contracts, unconventional rig starts up and to confirm 2024 revenue guidance

    2381
    ARABIAN DRILLING -1.82 %
    1445/11/27     04/06/2024 08:06:41
  • Arabian Drilling Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting )

    2381
    ARABIAN DRILLING -1.82 %
    1445/11/19     27/05/2024 08:00:48
  • Arabian Drilling Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

    2381
    ARABIAN DRILLING -1.82 %
    1445/11/05     13/05/2024 08:20:06
  • Arabian Drilling announces its intention to release its Interim financial results for the First Quarter of 2024

    2381
    ARABIAN DRILLING -1.82 %
    1445/10/27     06/05/2024 08:04:25
  • ARABIAN DRILLING IN DISCUSSIONS WITH ARAMCO REGARDING THREE OFFSHORE CONTRACTS

    2381
    ARABIAN DRILLING -1.82 %
    1445/09/25     04/04/2024 09:46:20
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    Past Events

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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      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 2023-12-31
      Total Assets
      10,686,474
      - - -
      Total Liabilities
      4,725,053
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      5,961,421
      - - -
      Total Liabilities and Shareholders Equity
      10,686,474
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      3,476,524
      - - -
      Net Profit (Loss) before Zakat and Tax
      687,947
      - - -
      Zakat and Income Tax
      -83,333
      - - -
      Net Profit (Loss) after Zakat and Tax
      604,614
      - - -
      Total Comprehensive Income
      596,767
      - - -
      Profit (Loss) per Share
      6.79
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      1,360,087
      - - -
      Net Cash From Investing Activities
      -789,251
      - - -
      Net Cash From Financing Activities
      32,561
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      832,025
      - - -
      Cash and Cash Equivalents, End of the Period
      1,435,422
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 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 2024-03-31 2023-09-30
      Total Assets
      10,666,544
      10,106,994
      Total Liabilities
      4,558,867
      3,183,307
      Total Shareholders Equity (After Deducting the Minority Equity)
      6,107,677
      6,011,630
      Total Liabilities and Shareholders Equity
      10,666,544
      10,106,994
      Statement of Income 2024-03-31 2023-09-30
      Total Revenue (Sales/Operating)
      966,665
      919,581
      Net Profit (Loss) before Zakat and Tax
      168,128
      167,800
      Zakat and Income Tax
      -21,873
      -27,764
      Net Profit (Loss) after Zakat and Tax
      146,256
      140,036
      Total Comprehensive Income
      146,256
      140,036
      Profit (Loss) per Share
      1.64
      1.57
      Cash Flow 2024-03-31 2023-09-30
      Net Cash From Operating Activities
      256,342
      918,594,466
      Net Cash From Investing Activities
      -294,192
      -269,624,998
      Net Cash From Financing Activities
      -139,719
      -208,040,743
      Cash and Cash Equivalents, Beginning of the Period
      1,435,421
      832,024,714
      Cash and Cash Equivalents, End of the Period
      1,257,852
      1,272,953,439
      All Figures in Thousands Thousands
      All Currency In SAR SAR
      Last Update Date 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.

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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 129.20
      Market Cap (SAR MN) 11,712
      P/E Ratio 19.23
      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

        [PWC]

      • 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 Abdulaziz Mirdad CEO

        Ghassan Abdulaziz 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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      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.