Company Overview
Arabian Drilling Company is a Saudi joint-stock company specializing in the drilling of oil and natural gas wells, as well as related extraction services. The company was founded in 1964 and is based in Al Khobar, Saudi Arabia. Arabian Drilling Company was listed on the Saudi Stock Exchange 'Saudi Tadawul' in November 2022, under the trading name 'Arabian Drilling' with the symbol (2381).
The company operates a fleet of fifty drilling rigs. The fleet includes thirty-eight onshore rigs, ranging from medium to ultra-heavy rigs capable of performing complex horizontal drilling operations and operating in harsh environments, and twelve offshore rigs, consisting of high-specification heavy-duty jack-up rigs capable of drilling to a depth of four hundred ft (115 m) in both shallow and deep waters. Its client base includes prominent names such as Saudi Aramco, Schlumberger, al-Khafji Joint Operations, and Baker Hughes. Arabian Drilling has 4,400 employees and revenue of $1 billion.
The Company operates one wholly owned subsidiary, which is Ofsat Arabia LLC. Arabian Drilling Company appointed Fahad Abdullah Al-Bani as its new CEO, following the resignation of Ghassan Abdulaziz Mirdad.
Facts compiled by Executive Moves from publicly available news and press releases on 1 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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