TAQA appoints Reid Warriner CEO of Canadian drilling division

Cougar Drilling Solutions has operations around the world. (Shutterstock)
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Updated 15 January 2022
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TAQA appoints Reid Warriner CEO of Canadian drilling division

  • Warriner has worked at Schlumberger and SeaDrill

RIYADH: Saudi Arabia’s Industrialization and Energy Services Company, known as TAQA, said it appointed Reid Warriner as CEO of Alberta, Canada-based Cougar Drilling Solutions.

Warriner has a 25-year career in the oil and gas industry with spells at Schlumberger, Oilserv and most recently SeaDrill, where he was chief operating officer.

“Reid’s appointment as Cougar Drilling Solution CEO is to build on the company’s strong manufacturing and technical capabilities and expand its directional drilling offerings to our global customers,” TAQA CEO Khalid Nouh said in a statement. “We’re excited having Reid joining us, I am sure he will turn around the business and position Cougar as the service provider and supplier of choice.”

Founded in 1969, Cougar Drilling Solutions offers services both onshore and offshore, in North America, South America, Europe, Australia, Asia, Africa, and the Middle East.


Closing Bell: Saudi main index climbs to 10,485 

Updated 21 December 2025
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Closing Bell: Saudi main index climbs to 10,485 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Sunday, gaining 34.32 points, or 0.33 percent, to close at 10,484.59. 

The total trading turnover of the benchmark index stood at SR2.59 billion ($690 million), with 168 listed stocks advancing and 87 declining. 

The Kingdom’s parallel market Nomu also gained 100.37 points to close at 23,454.65. 

The MSCI Tadawul Index advanced by 0.13 points to 1,377.44. 

The best-performing stock on the main market was Nama Chemicals Co., whose share price increased by 9.98 percent to SR22.38. 

The share price of Al Masar Al Shamil Education Co. rose by 9.15 percent to SR23.85. 

Saudi Paper Manufacturing Co. also saw its stock price climb by 8.42 percent to SR57.95. 

Conversely, the share price of Canadian Medical Center Co. dropped by 6.37 percent to SR6.03. 

The stock price of Kingdom Holding Co. also declined by 3.16 percent to SR8.28. 

In the parallel market, Alfakhera for Mens Tailoring Co. was the top performer, with its share price advancing by 16.40 percent to SR8.80. 

On the announcements front, Theeb Rent a Car Co. said it had signed a long-term vehicle leasing services contract valued at SR110.4 million with Hungerstation Co. 

Under the deal, Theeb will lease 2,000 vehicles to HungerStation for a period of four years starting from 2026, according to a Tadawul statement. 

The statement added that the vehicles will be delivered in batches within the first six months from the contract start date, taking into consideration global logistical circumstances and procedures beyond the control of both the agents and the company. 

The contract is expected to have a positive impact on the company’s financials from the first quarter of 2026. 

The share price of Theeb Rent a Car Co. declined by 0.79 percent to SR37.80.