Leading Financial Services Firm, Arqaam Capital

Arqaam Capital

Leading Financial Services Firm

Established in 2007 in the Cayman Islands and the Dubai International Financial Centre (DIFC), the Arqaam Group’s strategy was to participate in and benefit from the growth of capital markets and investments in the MENA region. Arqaam Group has grown significantly since then to five offices in four countries (the UAE, KSA, Egypt and Lebanon); and has become one of the biggest home-grown firms in the DIFC and a leading top two institutionally focused financial services firm in the Middle East region. Arqaam Group has a professional and experienced team and has invested in people, processes and technology to create a highly scalable platform. Arqaam Group combines international best practice and corporate governance with regional know-how and experience to bridge capital with opportunity. Arqaam Group acts for institutions, family offices and high net worths seeking risk diversification and higher returns. “Arqaam” has become a strong brand name, with a reputation for professionalism, award winning products and services, clients and connections.

Equity Bottom-Up

<ul><li>Abraj is the leading provider of onshore drilling services in Oman, with a 29% market share, operating 27 modern drilling rigs.</li><li>16% EPS CAGR in FY 25-28e is driven by the addition of 8 new rigs in Oman and Kuwait at higher day rates (15% premium), reaching 35 by FY 28e.</li><li>Following the capex cycle, we expect FCF expansion to OMR 29m in FY 28-29e (vs. OMR 10m in FY 26e), driving a resilient FY 28-29e FCFY of 9% and DY of 10%.</li></ul><p><em>Content is external report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Abraj is the leading provider of onshore drilling services in Oman, with a 29% market share, operating 27 modern drilling rigs.16% EPS CAGR in FY 25-28e is driven by the addition of 8 new rigs in Oman and Kuwait at higher day rates (15% premium), reaching 35 by FY 28e.Following the capex cycle, we expect FCF expansion to OMR 29m in FY 28-29e (vs. OMR 10m in FY 26e), driving a resilient FY 28-29e FCFY of 9% and DY of 10%.Content is external report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Initiate on Oman’s leading driller with a Buy rating as rig additions drive 16% EPS CAGR a...

Oman

Romania

Abraj Energy Services SAOG is an Oman-based integrated energy company. The principal activities of the Company are to provide oilfield services, which mainly include onshore drilling, workover, flowback, well testing, well intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services, among others. The Company has two reportable segments: Drilling and Workover, Well Services, and Others. The Company is a subsidiary of OQ SAOC and is ultimately controlled by Oman Investment Authority.

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Abraj Energy Services (ABRJ OM)

Initiate on Oman’s leading driller with a Buy rating as rig additions drive 16% EPS CAGR a...

Abraj is the leading provider of onshore drilling services in Oman, with a 29% market share, operating 27 modern drilling rigs. • 16% EPS CAGR in...

Arqaam Capital

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