Arabian Drilling Company

Saudi Stock Exchange:2381.SR

Sector

⚡️ Energy

Industries

🛢 Offshore Drilling

🛠 Drilling

⛽ Oil & Gas

Location

Saudi Arabia

Market Cap

USD 1.91 B

Share Price

USD 21.43

Avg Daily Volume

208,257

Change (1 day)

4.14%

Change (1 year)

-40.79%

Change (YTD)

-27.80%

Arabian Drilling Company Selling, General, and Administrative Expenses (SG&A) for the year ending December 31, 2024: USD 22.91 M

Arabian Drilling Company Selling, General, and Administrative Expenses (SG&A) is USD 22.91 M for the year ending December 31, 2024, a -52.66% change year over year. Selling, general, and administrative (SG&A) expenses are the expenses related to the sales and marketing efforts, as well as general and administrative functions of a company.

Arabian Drilling Company Selling, General, and Administrative Expenses (SG&A) for the year ending December 31, 2023 was USD 48.39 M, a 507.58% change year over year.
Arabian Drilling Company Selling, General, and Administrative Expenses (SG&A) for the year ending December 31, 2022 was USD 7.96 M, a 126.69% change year over year.
Arabian Drilling Company Selling, General, and Administrative Expenses (SG&A) for the year ending December 31, 2021 was USD 3.51 M, a -87.64% change year over year.
Arabian Drilling Company Selling, General, and Administrative Expenses (SG&A) for the year ending December 31, 2020 was USD 28.42 M, a -25.55% change year over year.

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Key data

Date	Selling, General, and Administrative Expenses (SG&A)	Research and Development (R&D) Expenses	Revenue	Revenue

Saudi Stock Exchange: 2381.SR

Arabian Drilling Company

CEO	Mr. Ghassan Abdulaziz Sulaiman Mirdad
IPO Date	Nov. 9, 2022
Location	Saudi Arabia
Headquarters	PO Box 4110
Employees	6,143
Sector	⚡️ Energy
Industries Offshore Drilling 🛠 Drilling ⛽ Oil & Gas

Description

Arabian Drilling Company operates as an onshore and offshore gas and oil rig drilling company in Saudi Arabia. Its services include the supply of drilling services in shallow and deep waters and on land for the exploration and production of oil and natural gas, as well as well intervention and testing, rig move, mobilization, manpower, and other services. The company operates an onshore fleet of 38 rigs, which include medium to ultra-heavy rigs; and offshore fleet of 7 rigs that comprises of ultra-heavy-duty jack-ups. Arabian Drilling Company was founded in 1964 and is based in Al Khobar, Saudi Arabia. Arabian Drilling Company is a subsidiary of Industrialization & Energy Services Company.