Arabian Drilling Co. — Proxy Solicitation & Information Statement 2025

Oct 1, 2025

Arabian Drilling invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) via modern technology means.

2381 · 01/10/2025 15:45:38 · Announcement #90473 · View on Saudi Exchange

Arabian Drilling invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) via modern technology means.

Element List	Explanation
Introduction	The Board of Directors of Arabian Drilling is pleased to invite respected shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting) scheduled to be held remotely via modern technology on Wednesday, 30 Rabi' al-Akhir 1447, October 22, 2025 at 6:30 PM Saudi time, to discuss the enclosed agenda.
City and Location of the General Assembly's Meeting	The meeting will be held virtually at the Company's head office in AlKhobar city, KSA.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-10-22 Corresponding to 1447-04-30
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	In accordance with the rules and regulations, Shareholders registered in the shareholders’ register at the Depository Center (Edaa) has the right at the end of the trading session preceding the Extraordinary general assembly meeting. The eligibility to register attendance of the general assembly meeting ends with the commencement of the general assembly meeting, whereas the eligibility to vote on the general assembly meeting agenda items for those present in the meeting ends with the completion of counting votes by the Counting Committee.
Quorum for Convening the General Assembly's Meeting	According to Article 29 of the Company’s Articles of Association, the Extraordinary General Assembly meeting shall be valid if attended by shareholders representing two-thirds of the capital. If the quorum required to hold the first meeting is not available, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid if attended by a number of shareholders representing at least a quarter (25%) of the Company’s shares with voting rights.
General Assembly Meeting Agenda	1. To vote to end the term of the current Board of Directors to end the term of the current Board of Directors. The term of the current Board of Directors ends on 01/11/2025.

2. To vote to elect members of the Board of Directors from among the candidates for the next session, which begins on 02/11/2025 and lasts for four years, and ends on 01/11/2029. If the first item is approved. (the CVs of the candidates are attached).

3. To vote on the Board of Directors’ recommendation to transfer the statutory reserve balance amounting to 267 million Saudi Riyals as per the interim condensed consolidated financial statements for the six-month period ended June 30, 2025, to retained earnings.

4. To vote on the Board of Directors’ recommendation to suspend dividend distribution to shareholders for the period ending 12/31/2025 Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the topics stipulated in the attached General Assembly agenda and direct questions related to the Assembly items to the members of the Board of Directors, noting that voting in Tadawulaty services is available free of charge to all shareholders using the link:

http://www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda The shareholders registered on the Tadawulaty services website can vote online on the agenda of the General Assembly starting from 1:00 am on Sunday 27, Rabi' al-Akhir 1447 corresponding to October 19, 2025 until the end of the General Assembly meeting on Wednesday 30 Rabi' al-Akhir 1447, October 22, 2025 Method of Communication in Case of Any Enquiries In the event of an inquiry, please contact the company's Investor Relations Department via:

Phone: 966138297022+

Email: ir@arabdrill.com Attached Documents     

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.