Arabian Drilling delivered a year of robust performance, driven by our commitment to innovation, operational excellence, and sustainable growth. By focusing on workforce development and utilizing advanced technologies, we have maintained our market position to become Saudi Arabia’s largest drilling company by fleet size with a total fleet of 59 rigs by end of 2024. As the industry evolves, we remain forward-thinking and committed to value creation.

OPERATIONAL HIGHLIGHTS
32%
growth in our land rig fleet, with the addition of the unconventional gas rigs
Utilization rate of
83.1%
with 49 active rigs*
Average Rig Efficiency Index (REI) of
94.3%
Low Non-Productive Time (NPT) of
1.7%
FINANCIAL HIGHLIGHTS
Revenue (% million)
EBITDA (% million)
EBITDA Margin (% of Revenue)
Adjusted Operational Profit (% million)
Adjusted Net Profit (% million)
Net Profit (% million)
EPS (%)
Capital Expenditure (1) (% million)
CF from Operating Activities (% million)

(1) FY'23 includes % 37 million of capitalized interest

2023
2024
SUSTAINABILITY HIGHLIGHTS
Launched
Sustainability Policy
Formed Sustainability Steering Committee (SSC)
Provided
117,052
training hours via ADLA
Appointed first
female rig manager
Established HR services center
AWARDS
Leading Corporate for Investor Relations in Saudi Arabia (3rd place)
Presented by Middle East Investor Relations Associations
Best CFO Drilling Saudi Arabia
Presented by International Finance Magazine
Investors Relations Award Mid-Cap (3rd place)
presented by Saudi Tadawul Group