CGG (CGG), a French technology and HPC company, Tuesday announced that it has entered into a definitive agreement with Industrialization and Energy Services Co. or TAQA to sell its entire 49% stake in Arabian Geophysical and Surveying Co.
RIYADH: Arabian Drilling Co. reported a 171 percent growth in profits for the first nine months of 2022 in its first post-listing earnings results. After a $580 million initial public offering and a stellar debut, profits jumped from SR155 million ($41 million) to SR421 million for the period ending Sep. 30, according to a bourse filing. This came as revenues soared almost 22
RIYADH: Arabian Drilling Co. has seen SR2.18 billion ($580 million) raised from its initial public offering, as retail investors rushed to subscribe to shares despite global market volatility. The Saudi-based onshore and offshore gas and oil rig drilling company saw 497,172 retail investors subscribing to the offering, leading to 816.45 times oversubscription, according to a
RIYADH: Arabian Drilling Co’s initial public offering attracted strong investor interest, with oversubscription by 61 percent. With a share price of SR100 ($27), subscriptions took place between Sept. 28 and Oct. 5, according to a bourse filing. The Saudi Arabia-based drilling company is seeking to float 26.7 million shares, or 30 percent of its capital, through an initial