Arabian Drilling says board term termination in line with new Companies Law

30/09/2025 Argaam
Logo ofArabian Drilling Co.

Logo of Arabian Drilling Co.

Arabian Drilling Co. said that the board of directors’ recommendation to end the current board term complies with the company’s recently amended bylaws and the new Companies Law.

 

For more news on listed companies

 

The new law stipulates that a board term must not exceed four years, the company said in a statement to Tadawul.

 

On Sept. 27, the board of directors recommended early termination of its current term, which commenced on Nov. 1, 2021, and was scheduled to end on Nov. 2, 2026, according to data available with Argaam.

 

The board term will be adjusted to begin on Nov. 2, 2025, and end on Nov. 1, 2029, for a four-year duration.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.