HSBC Saudi Arabia, NCB Capital and Goldman Sachs Saudi Arabia, in their capacity as financial advisors, bookrunners and underwriters for the initial public offering of the Arabian Drilling Company, announced the company's intention to offer its shares for an initial public offering and to list its ordinary shares in the main market at Tadawul Saudi Arabia. The offering includes selling part of the company’s shares representing 19.89% of the company’s capital after the offering through the sale of 17.7 million shares, and the issuance of new shares representing 10.11% of the company’s capital after the offering from During the issuance of 9 million shares, according to today is Sunday. The company obtained the approval of the Saudi Tadawul to request the listing of its shares in the main market on June 27, 2022, and obtained the approval of the Capital Market Authority on its request to offer 26.7 million ordinary shares, representing 30% of the company’s shares after increasing the capital for public subscription on June 29, 2022 AD.