Maridive & Oil Services has signed a three-year contract to provide exploration, maintenance, and production support services in the UAE. The contract, finalized by Maridive Offshore Projects, a subsidiary of the company,  will come into force in the first quarter of 2026 and carries an annual value of $8.95 million, according to a disclosure to the Egyptian Stock Exchange (EGX).

Earlier this month, Maridive & Oil Services secured a 15-year contract in Qatar to provide maintenance and production support services, with operations set to begin in Q1 2028 and an annual contract value of $10.15 million.

On December 15, the company said in a disclosure to the stock exchange that its consolidated net profit came at $35.68 million for the nine months ending September 30, 2025, almost double its level in the same period of  2024.

However, on a standalone basis, the company recorded a net loss of $20.98 million during the same period, compared with a net profit of $1.97 million a year earlier. The disclosure didn’t include the reasons for this weak performance.