Arabian Drilling Company (ADC) is an onshore and offshore oil and gas rig drilling company headquartered in Al Khobar, Saudi Arabia. It was founded in 1981 and is one of the largest drilling companies in the Middle East. ADC has a fleet of over 45 rigs, which operate in Saudi Arabia, the United Arab Emirates, Qatar, Oman, Iraq, and Egypt.
The IPO was oversubscribed by 816.45%
The IPO was a significant milestone for ADC, as it marked the company's entry into the public markets. The IPO will provide the company with the capital it needs to execute its growth plans and achieve its long-term goals