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Arab Drilling GA approves profit distribution for 2026
The Ordinary General Assembly of Arab Drilling Company approved delegating the Board of Directors to distribute semi-annual interim profits during 2026. It also approved the auditing of the financial statements for the fiscal year ending December 31, 2025. Additionally, it ratified contracts with companies such as Schlumberger, totaling more than 589 million Riyals, approved updates to the Audit Committee's charter, and authorized bonus payments to board members amounting to 4.07 million Riyals.
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