Arabian Drilling recommends suspending 2025 cash dividend

29/07/2025 Argaam
Logo ofArabian Drilling Co.

Logo of Arabian Drilling Co.

Arabian Drilling Co.’s board of directors recommended suspending the cash dividend for 2025, according to a statement to Tadawul.
 
 

The decision comes in light of recent changes in rig demand in Saudi Arabia, continued capital expenditures on the company’s fleet, and its future plans for regional expansion, the statement added.

 

The board said it would revisit the decision once there is greater clarity on future supply and demand dynamics for both onshore and offshore rigs.

 

The recommendation will be presented to the upcoming general assembly for a vote.

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