Al-Hafar Al-Arabiya Reveals Expansion Deal

Arabian Drilling Company announced the signing of a contract to carry out drilling operations in Oman. The contract includes drilling two confirmed wells and offers an option to drill an additional two wells, with a value of less than 5% of its projected annual revenues for 2025. The aim of the contract is to strengthen the company's regional presence and diversify its geographical operations, with financial benefits expected to begin in 2026. The contract involves no related parties, reflecting the company's flexibility and ability to move equipment and technical staff between markets.

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