The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs
The drilling company’s earnings before interest, taxes, depreciation and amortisation in Q1 2023 reached SAR323m, with a margin of 41.5 per cent
Arabian Drilling operates 45 rigs and had revenue of $586m last year
Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year