Arabian Drilling Company names new CEO

09/02/2026 04:40 AST

Arabian Drilling Company has announced the appointment of Fahad Abdullah Al Bani as its new Chief Executive Officer following the resignation of Ghassan Abdulaziz Mirdad from his position due to personal reasons.

Announcing this, Arabian Drilling Company Board of Directors lauded Mirdad for the tremendous efforts taken by him during his tenure and for his contribution to the company's growth.

Welcoming Al Bani, the board members said he was a seasoned upstream leader with nearly three decades of expertise in drilling engineering, unconventional resources, and large-scale operational excellence.

Most recently, he held the position of Vice President of Unconventional Reservoir Engineering Drilling & Completion at the Saudi oil giant Aramco, where he propelled advancements in digitalisation, automation and innovative well-delivery technologies, said Arabian Drilling Company in its filing to Saudi bourse Tadawul.

Al Bani had also taken on various managerial roles, including board member of Saudi Aramco Nabors Drilling Company (Sanad).


Trade Arabia

News

Arabian Drilling renews 11 onshore contracts, representing 15-20% of 2024 revenues

18/08/2025

Arabian Drilling Co., listed on Saudi Arabia's main market, has renewed contracts for 11 onshore gas drilling rigs, with the value of the agreement representing 15 to 20 percent of the company's 2024

Arab News

Most Viewed Companies

Ticker Price Volume

Valuation

ARABIANDRILLING Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SAUDIARAMCO 24.52 0.06 (0.24%)
ADNOCGAS 3.36 0.02 (0.59%)
ADNOCDRILL 5.49 0.09 (1.66%)
BAHRI 29.50 0.00 (0.00%)
ADES 16.97 0.12 (0.71%)

Recent News

Tahweel in deal with Tasnee to acquire Saudi industrial group for $186m

04/03/2026

Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industr

Trade Arabia

Acwa, GS Inma in race for Bahrain's Hidd Independent Water Project

04/03/2026

Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from leading utility developers - Saudi group Acwa (formerly Acwa Power) and Spanish major GS Inima Environment

Trade Arabia

Air Arabia extends scheduled flight suspensions to Wednesday

04/03/2026

Sharjah-based Air Arabia on Tuesday extended its scheduled flight suspension to and from the UAE until 3pm UAE time on Wednesday, March 4, 2026.

The budget carrier added that flights to Leba

Khaleej Times

Emaar says malls, hotels, development projects 'operating normally'

04/03/2026

Emaar Properties on Wednesday said all of its malls, hospitality assets, and development projects were "operating normally" as its sales more than doubled year-on-year in the first two months of 2026

Khaleej Times

OQEP profits reach OMR941 million in 2025

03/03/2026

OQ Exploration and Production (OQEP) on Monday announced its audited financial results for the financial year to 31 December 2025 and an update to its strategy. The financial highlights indicate that

Times of Oman

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap