Arabian Drilling’s board approves dividend freeze for 2025

Arabian Drilling said the decision was based on challenges in rig demand seen in Saudi Arabia during 2025.

Arabian Drilling Co.’s board of directors decided, on Feb. 26, to withhold the dividend payment for 2025.

In a statement to Tadawul, the company clarified that the decision to put the dividend payment on hold was based on challenges in rig demand observed last year in Saudi Arabia, and to support its local and international expansion plans.

The decision comes in light of the authorization granted by the general assembly at its meeting held on May 28, 2025, to the board to distribute interim dividends semi-annually in 2025.

According to data available with Argaam, Arabian Drilling turned to a net loss of SAR 75.3 million in 2025, against a net profit of SAR 321.4 million a year earlier.

The company’s extraordinary general assembly, held in October 2025, rejected the board’s recommendation to suspend dividend distributions for 2025.