Arabian Drilling, an onshore and offshore drilling leader in Saudi Arabia, has reported a 5% increase on its adjusted net income in the first quarter of 2023, compared to Q4 2022, on a similar rig activity level.
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement for the seventh day in a row on Sunday, as it inched up 46.52 points or 0.44 percent to 10,636.62, led by elevated investors’ confidence. On Sunday, parallel market Nomu also advanced 95.16 points or 0.48 percent to close at 19,987.19, while the MSCI Tadawul 30 Index rose 0.46 percent to 1,442.14. The
RIYADH: Saudi Arabia’s Tadawul All Share Index rose 89.56 points or 0.84 percent on Thursday to close at 10,051.78, led by sustained buying in all large-cap stocks. The Banking Index moved up 1.63 points to 10,714.58, led by about a 3 to 3.5 percent increase in the share prices of Banque Saudi Fransi, Saudi British Bank, Alinma Bank and Arab National Bank. TASI’s total
Despite the potential North Sea issues, global marketed utilisation is believed to increase from the 90% average in 2022 to around 95% this year. Given that level of utilisation, rig owners will undoubtedly continue to push dayrates upward.