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Element List	Explanation
Announcement Detail	Al Khobar, Kingdom of Saudi Arabia – 26 March 2026: Arabian Drilling, or the “Company” (Tadawul symbol: 2381), Saudi Arabia’s largest drilling contractor by fleet size, today addressed recent offshore rig suspensions in the Arabian Gulf arising from the current regional situation. The Company has received notifications for temporary suspension of some of its offshore rigs as a precautionary measure, and in coordination with its clients and relevant stakeholders. These steps were carried out in accordance with Arabian Drilling’s established safety and operational protocols, prioritizing the protection of personnel and assets. Arabian Drilling’s active land fleet of 39 rigs is operating at full capacity without interruption. This composition highlights the robustness of the Company’s business model and its capability to endure market fluctuations. Based on ongoing client discussions and our assessment of recent developments, management believes the suspensions are temporary. The company is prepared to resume operations promptly once regional tensions ease. We expect minimal financial impact in Q1 2026, with recovery as soon as conditions normalize and operations resume.
Attached Documents	Attached Documents

Element List

Explanation

Announcement Detail

Al Khobar, Kingdom of Saudi Arabia – 26 March 2026: Arabian Drilling, or the “Company” (Tadawul symbol: 2381), Saudi Arabia’s largest drilling contractor by fleet size, today addressed recent offshore rig suspensions in the Arabian Gulf arising from the current regional situation.

The Company has received notifications for temporary suspension of some of its offshore rigs as a precautionary measure, and in coordination with its clients and relevant stakeholders. These steps were carried out in accordance with Arabian Drilling’s established safety and operational protocols, prioritizing the protection of personnel and assets.

Arabian Drilling’s active land fleet of 39 rigs is operating at full capacity without interruption. This composition highlights the robustness of the Company’s business model and its capability to endure market fluctuations.

Based on ongoing client discussions and our assessment of recent developments, management believes the suspensions are temporary. The company is prepared to resume operations promptly once regional tensions ease.

We expect minimal financial impact in Q1 2026, with recovery as soon as conditions normalize and operations resume.

Attached Documents

ARABIAN DRILLING ADDRESSES TEMPORARY OFFSHORE RIG SUSPENSIONS IN THE ARABIAN GULF LAND FLEET OF 39 RIGS IS FULLY OPERATIONAL AND UNAFFECTED BY SUSPENSIONS