May 2026
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Largest Energy Services Public Companies in Saudi Arabia
Benchmark revenue and EBITDA valuation multiples for public comps like
ALDREES Petroleum, Arabian Drilling, National Gas and McDermott.
 | ALDREES Petroleum & Transport Services Co is predominantly engaged in the petroleum and transport services businesses. It is involved in various business activities such as; the wholesale and retail trading of fuel, gasoline, oil, and lubricants; providing transportation services for liquid and dry materials; establishing vehicle workshops and carwashes; acquisition of land to construct buildings for sale or lease; and the development, operation, and renting of take away centers for beverages and food. The company has two reportable segments; Petroleum Services and Transport Services. A majority of its revenue is derived from the Petroleum Services segment which includes income generated from the sale of fuel on its fuel stations. Geographically, it operates in the Kingdom of Saudi Arabia. | $31 | -4% | $3B | $4B | 0.6x | 12.8x | ||
| Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs, and related activities. The operating segment of the company Provision of drilling and related services through land rigs and the Provision of drilling and related services through off-shore rigs. | $24 | +5% | $2B | $3B | 3.0x | 8.6x | ||
| National Gas & Industrialization Co is engaged in carrying out all work related to the exploitation, manufacturing, and marketing of all kinds of gas and its derivatives and industrial gases inside and outside the Kingdom of Saudi Arabia. Along with its subsidiaries, it is also involved in other business activities such as; selling, manufacturing, and maintaining cages, cylinders, tanks, and accessories; maintenance of gas networks and accessories; providing water treatment and environmental services; participating in energy production; and acquiring real estate and purchasing land for the construction of buildings, etc. The company's business segments are; Central region SR, which derives maximum revenue, Western region SR, Eastern region SR, and Southern region SR. | $21 | +3% | $2B | $2B | 1.8x | 18.0x | ||
| McDermott International Ltd is a fully integrated provider of engineering, procurement, construction, and installation (EPCI) solutions to the energy industry globally. The company designs and builds infrastructure to transport and process oil and gas, covering offshore, subsea, liquefied natural gas (LNG), and downstream oil and gas projects, including fixed, floating, and subsea production facilities, pipelines, storage systems, and processing plants. It also provides energy transition and sustainable engineering solutions. The company operates through the Low Carbon Solutions, Offshore Middle East, and Subsea and Floating Facilities segments, serving national and other oil and gas companies across energy-producing regions, and generates the majority of its revenue from Saudi Arabia. | $27 | -- | $776M | $990M | — | — | ||
| Median | $25 | +3% | $2B | $2B | 1.8x | 12.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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