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by Bloomberg |Tuesday, May 04, 2021 Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. (Bloomberg) -- Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. The firm, also owned by Saudi Arabia’s Industrialization & Energy Services Company, known as Taqa, has asked banks to pitch for a role on the potential share s...

Schlumberger-backed Arabian Drilling plans Saudi IPO Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. By Bloomberg © Bloomberg An employee pours a sample of oil from a bottle into a measuring vessel at a drilling site. Photographer: Bloomberg Creative Photos/Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signin...

Schlumberger-backed Arabian Drilling planning Saudi IPO 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year May 3, 2021 Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger, is preparing an initial public offering that could give it a valuation of around $2bn, according to people familiar with the matter. The firm, also owned by Saudi Arabia’s Industrialization & Energy Services Comp...

Transitional work program aims to help inmates make money, reduce recidivism rates and last updated 2021-04-29 12:12:37-04 Jacob Rocha spends his days working inside a warehouse surrounded by heavy machinery and wood, tucked in the Rocky Mountains. “Learned the machines, worked my way up, everything just kind of fell in place,” he said. He works at Basic Industries, where he helps make wood stakes for a variety of industries. But how he got here is its own story. “My initial charge was a burglary charge,” he said. “I was a low life, down at the bottom, drugs and stuff...

Here are a few things you need to know as Saudi stocks start trading on Monday. - Saudi Basic Industries Corp.’s (SABIC) net profit after Zakat and tax declined to SR 40 million ($10.66 million) for fiscal year 2020. - Saudi Industrial Investment Group (SIIG) reported net profit after Zakat and tax of SR 92 million for FY2020, plunging 85 percent year-on-year (YoY). - United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and Tax of SR 62.1 million for FY2020, an increase of 181 percent YoY. - Yanbu Cement Co.’s board of directors recommended 5 percent capital cut ...