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Arabian Drilling, a leading national onshore and offshore drilling contractor in Saudi Arabia, has posted an all-time high record revenue of SR987 million and SR3.48 billion ($930 million), for the Q4 2023 and full-year 2023 respectively.
Arabian Drilling, Saudi Arabia’s national drilling champion, is seeing an all-time high record backlog of SR12.7 billion ($3.4 billion) and a solid 18% YoY increase in nine-month (9M) adjusted net income to SR422 million.
Arabian Drilling, Saudi Arabia’s national Drilling Champion, announced its Q2’23 and H1’23 financial results, with an impressive 36% increase in net income to SR282 million ($75.16 million) YoY.