OIL & GAS-

Arabian Drilling secured four rig-contract renewals worth more than SAR 2 bn, adding 30 committed rig-years to its backlog and pushing the total to a record SAR 12.2 bn through the end of 2025, according to a press release (pdf). The renewals complete all planned extensions for this year, giving the contractor full visibility on next year’s fleet commitments.

What we know: Two of the renewed contracts cover rigs that were initially set to expire in 2026, while three of the four agreements fall under the batch of recently resumed contracts. The fourth is an already active contract that has now been extended.

REMEMBER- Arabian Drilling secured the extensions of four rig contracts with Aramco in July for a total combined backlog of SAR 1.4 bn. These extensions ranged from 1 to 10 years, raising the company’s backlog at the time to SAR 11.1 bn.

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DEBT WATCH-

Derayah Financial Company secured a SAR 500 mn shariah-compliant credit facility from the Saudi National Bank, it said in a disclosure to Tadawul yesterday. The financing, secured against a promissory note, runs from 16 November 2025 to 30 November 2026 and is renewable. The funding will support Derayah’s core operations, including the expansion of its brokerage services and the launch of direct margin lending products.

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