| Element List |
Explanation |
| Introduction |
Long-term Contract Extension |
| Date of Announcement of the Award |
2025-05-05 Corresponding to 1446-11-07 |
| Contract Subject Matter |
Arabian Drilling Announces Long Term Contracts Extension for Two Land Rigs with Saudi Aramco |
| The Entity with Which the Contract was Signed |
Saudi Aramco |
| Date of Signing the Contract |
2025-05-05 Corresponding to 1446-11-07 |
| Contract Value |
SAR 1,067 million |
| Contract Details |
Arabian Drilling will continue to supply fully staffed two land rigs for Aramco to perform drilling operations in the Kingdom of Saudi Arabia |
| Contract Duration |
10 Years per rig |
| Financial Impact and the Relevant Period |
Contribution to the Company's revenue is expected to start in Q2 2025. |
| Related Parties |
Not Applicable |
| Additional Information |
Not Applicable |
| Attached Documents |
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