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Home Saudi Arabia (KSA)

Another Middle East drilling giant gears up for IPO launch

admin by admin
September 19, 2022
in Saudi Arabia (KSA)
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Middle East drilling contractor Arabian Drilling has said it will proceed with an initial public offering of 30% of the company’s shares, with plans to list on the Saudi Exchange’s main market.

The IPO will include 19.89% of existing share capital, and 9 million new shares, which will amount to 10.11% of capital at the time of the stock market launch.

The Saudi Arabia-based company is a…



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