Arabian Drilling, a major Saudi onshore and offshore drilling contractor, has delivered a strong operational performance in Q1 registering a 24% growth in its revenue which hit SAR967 million ($258 million), while its net income for the quarter rose 3%.
Arabian Drilling, a leading national onshore and offshore drilling contractor in Saudi Arabia, has posted an all-time high record revenue of SR987 million and SR3.48 billion ($930 million), for the Q4 2023 and full-year 2023 respectively.
Saudi: Arabian Drilling achieves all-time record backlog of $3.4bln zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Arabian Drilling, Saudi Arabia’s national drilling champion, is seeing an all-time high record backlog of SR12.7 billion ($3.4 billion) and a solid 18% YoY increase in nine-month (9M) adjusted net income to SR422 million.