Arabian Drilling shareholders approve amending company's purposes

09:13 AM (Mecca time) Argaam
An ADC offshore rig

An ADC offshore rig

Arabian Drilling Co.’s shareholders approved amending Article 3 of the company’s bylaws, relating to its main purposes, during the extraordinary general meeting (EGM) held on Oct. 16, according to a statement to Tadawul.

 

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In addition to the existing purposes, the company added activities related to training centers and institutes. Arabian Drilling will conduct these activities after obtaining the necessary licenses from the relevant authorities, if required.

 

Shareholders also approved the addition of three new articles to the company’s bylaws, numbered 10, 11, and 12, which address share categories, share conversion, and amendments to the rights and obligations associated with shares, respectively.

 

For further details, please refer to the document below:

Modification Details

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