RIYADH: Arabian Drilling Co. is aiming to use the proceeds of its offering to finance its growth strategy in Saudi Arabia and other Gulf countries, and diversifying income from support operations that serve drilling work, its CEO told Al-Arabiya. This comes as the Saudi oil and gas drilling contract announced its intention to list its ordinary shares on the Saudi main index in
RIYADH: Arabian Drilling Co., one of the largest oil and gas drilling contractors in Saudi Arabia, has announced its intention to list its ordinary shares on the Saudi main index in an initial public offering. Arabian Drilling said it will sell existing shares representing 19.98 percent of its post-listing share capital, and issue new shares representing 10.11 percent of its
/PRNewswire/ The borehole enlargement systems market is expected to grow by USD 310.26 million during 2021-2026, at a CAGR of 3.73% during the forecast.
/PRNewswire/ The borehole enlargement systems market is expected to grow by USD 310.26 million during 2021-2026, at a CAGR of 3.73% during the forecast.
RIYADH: The Industrialization and Energy Services Co., known as TAQA, which is backed by Saudi Arabia’s Public Investment Fund, has entered a definitive agreement to acquire 100 percent of Abu Dhabi’s AlMansoori Petroleum Services, according to a statement. Expected to close in the fourth quarter of 2022, the transaction comes as part of expanding TAQA’s Well Services business