Element List	Explanation
Introduction	Arabian Drilling Secures Three Major Land Contract Extensions
Date of Announcement of the Award	2026-01-13 Corresponding to 1447-07-24
Contract Subject Matter	Arabian Drilling Secures Three Major Land Contract Extensions
The Entity with Which the Contract was Signed	Saudi Aramco
Date of Signing the Contract	2026-01-13 Corresponding to 1447-07-24
Contract Value	SAR 1.4 BILLION
Contract Details	The Company secured three contract extensions for land rigs with a total value of SAR 1.4 billion, adding 25 active rig years to its backlog. One rig is currently operational; another is expected to be operational by the end of January, while one rig is suspended and expected to resume operations during 2026. Together with the four most recent contract extensions announced on 17 November 2025, Arabian Drilling has now secured a total of seven contract extensions. These agreements amount to SAR 3.4 billion and represent 55 committed rig years.
Contract Duration	10, 10, and 5 years
Financial Impact and the Relevant Period	One rig is currently operational; another is expected to be operational by the end of January, while one rig is suspended and expected to resume operations during 2026.
Related Parties	Not Applicable
Additional Information	Not Applicable
Attached Documents	Attached Documents