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Arabian Drilling Swings to H1 Attributable Loss; Revenue Falls

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Arabian Drilling (SASE:2381) said Monday it swung to an attributable loss for the first half, while revenue declined year over year.

Net loss attributable to shareholders of the issuer for the six months ended June 30 was 24.5 million Saudi riyals, compared with an attributable profit of 82.7 million riyals a year ago. Loss per share was 0.27 riyal, compared with EPS of 0.93 riyal.

The Saudi Arabia-listed oilfield services company's revenue was 1.59 billion riyals, compared with 1.77 billion riyals earlier.

For the third quarter of 2026, Arabian Drilling projected a 4% to 6% quarterly increase in revenue.

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