Arabian Drilling board approves new term nominations

29/07/2025 Argaam
Logo ofArabian Drilling Co.

Logo of Arabian Drilling Co.

Arabian Drilling Co.'s (ADC) board of directors, along with the nomination and remuneration committee, discussed on July 28 the regulatory requirements related to the end of the current board term, as per the Companies Law and the company’s Articles of Association.

 

As stipulated in Article 3 of the board membership policy and procedures, and Article 17 of the Articles of Association concerning the management of the company, the board will serve a term not exceeding four years.

 

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Furthermore, pursuant to Article 19(1) of the Articles of Association, the board, in compliance with regulatory requirements, agrees to commence the board nomination procedures for a new term starting Nov. 2, 2025, until Nov. 1, 2029.

 

Article 19(1) stipulates that the board, before the end of its term, must convene the ordinary general assembly to elect the board for a new term.

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