ADES’ rigs in Qatar have already resumed their activities and are back in full operation, further reinforcing the trajectory of what is seen as a steady, broad-based return to activity across the GCC.
Farouk added: “We are reiterating our FY2026 EBITDA guidance range of SAR 4.50–4.87 billion, underpinned by the scale and diversification of our 123-rig platform, the continued conversion of Shelf Drilling synergies, and supportive momentum across our international markets — reinforcing its position as a Saudi national champion with a global footprint and a trusted partner to leading national and international oil companies.”
The all-clear to resume all rig activities in Saudi Arabia comes less than two months after ADES struck a deal with Saipem to acquire Saudi Arabian Saipem (SAS), enlarging its jack-up fleet.