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Arabian Drilling Co. 2022 Annual Results

Revenue

SAR -1.90B

Net Profit

SAR 558M

Arabian Drilling Co. (2381) reported full year 2022 revenue of SAR -1.90B, down 10.4% from SAR -1.72B in 2021. Net profit came in at SAR 558M, up 103.9% year on year. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2022	2021
Revenue	SAR -1.90B	SAR -1.72B
Net Profit	SAR 558M	SAR 274M
Gross Profit	SAR 801M	SAR 476M
Net Margin	-29.3%	-15.9%
ROE	10.0%	6.5%
Total Assets	SAR 9.55B	SAR 6.54B
Total Equity	SAR 5.59B	SAR 4.19B

Year on Year Comparison

Revenue decreased by 10.4% compared to 2021. Net profit increased by 103.9%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2023-03-19.