Arabian Drilling board proposes early termination of term

Arabian Drilling’s current board term is set to conclude on Nov. 2, 2026

Arabian Drilling Co.’s board of directors on Sept. 27 recommended early termination of its current term, which commenced on Nov. 1, 2021, and was scheduled to end on Nov. 2, 2026, according to a statement to Tadawul.

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The board term will be adjusted to begin on Nov. 2, 2025, and end on Nov. 1, 2029, for a four-year duration. The request for early termination will be submitted to the company’s general meeting for approval.

Accordingly, the general meeting, after obtaining the necessary regulatory approvals, will consider voting on ending the current board of directors’ term; and voting on the election of a new board of directors for a four-year term ending on Nov. 1, 2029, should the first item be approved.

According to Argaam data, the company’s board of directors, in its meeting on July 28, 2025, along with the nomination and remuneration committee, discussed the regulatory requirements related to the termination of the current board term.

The company’s current board of directors includes the following members: Khalid Nouh, Chairman; Tarek Rizk, Waleed Al-Mulhim, Samir Seith, Jesus Rayos, Kholoud Al-Dekhail, Vijay Kasibhatla, Michael Manring, and Adnan Ghabris.