Logo ofArabian Drilling Co.
Arabian Drilling Co.’s shareholders will vote on terminating the current board term ending on Nov. 1, 2025, during an extraordinary general assembly meeting, scheduled to be held on Oct. 22, 2025. 
Shareholders will also vote on electing board members for the upcoming four-year term ending on Nov. 1, 2029.
Other agenda items include voting on the board’s recommendation to transfer statutory reserve balance of SAR 267 million to retained earnings.
Additionally, shareholders will vote on the board’s recommendation to suspend the cash dividend for FY ending on Dec. 31, 2025.
Arabian Drilling’s board of directors earlier recommended suspending the cash dividend for 2025, in light of recent changes in rig demand in Saudi Arabia, continued capital expenditures on the company’s fleet, and its future plans for regional expansion.
The company’s board of directors, on Sept. 27, recommended early termination of its current term, which commenced on Nov. 1, 2021, and was scheduled to end on Nov. 2, 2026, to be in line with the new Companies Law. The board term will be adjusted to begin on Nov. 2, 2025, and end on Nov. 1, 2029, for a four-year duration.
Logo ofArabian Drilling Co.
Arabian Drilling Co.’s shareholders will vote on terminating the current board term ending on Nov. 1, 2025, during an extraordinary general assembly meeting, scheduled to be held on Oct. 22, 2025.
Shareholders will also vote on electing board members for the upcoming four-year term ending on Nov. 1, 2029.
Other agenda items include voting on the board’s recommendation to transfer statutory reserve balance of SAR 267 million to retained earnings.
Additionally, shareholders will vote on the board’s recommendation to suspend the cash dividend for FY ending on Dec. 31, 2025.
Arabian Drilling’s board of directors earlier recommended suspending the cash dividend for 2025, in light of recent changes in rig demand in Saudi Arabia, continued capital expenditures on the company’s fleet, and its future plans for regional expansion.
The company’s board of directors, on Sept. 27, recommended early termination of its current term, which commenced on Nov. 1, 2021, and was scheduled to end on Nov. 2, 2026, to be in line with the new Companies Law. The board term will be adjusted to begin on Nov. 2, 2025, and end on Nov. 1, 2029, for a four-year duration.
