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NESR acquisition

NESR Agrees to Acquire Action Energy Company Businesses in

Under the terms of the agreement, NESR will acquire the Businesses with cash consideration of approximately $36 million paid at closing and an additional cash payment of approximately $13 million. Post-closing, NESR will also assume approximately $8 million of short-term debt from an existing local facility. The acquisition is expected to be completed by March 31, 2020, subject to standard regulatory approvals and satisfaction of customary closing conditions Under the terms of the agreement, NESR will acquire all issued and outstanding shares of SAPESCO in a cash and stock transaction comprised of $11 million paid at closing and an additional $10 million paid in five equal installments by year-end, for a total cash consideration of $21 million, and the issuance of 2,237,000 NESR shares based on a $10.00 per share conversion rate Under the terms of the agreement, NESR will acquire the Businesses with cash consideration of approximately $36 million paid at closing and an additional cash payment of approximately $13 million paid six months following the initial closing, subject to certain conditions, for total cash consideration of around $50 million

NESR. HOUSTON, TX / ACCESSWIRE / April 19, 2021 /National Energy Services Reunited Corp. (NESR) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services. Following the acquisition of NPS and Gulf Energy SAOC for a combined value of approximately $1.1 billion, the company will employ more than 3,000 people in over a dozen countries. The transaction is conditional on approval by NESR's shareholders and the U.S. Securities and Exchange Commission, and is expected to close in the first quarter of. Dhiraj Dudeja. Mr. Dudeja is the Chief Commercial Officer of NESR Corp. He also oversees Mergers & Acquisitions for NESR. Mr. Dudeja has more than 20 years of professional experience in the oil and gas industry working for Schlumberger Limited in South and South East Asia, Middle East, Europe and the US

NESR Announces Successful Partnership with PHX Energy and Start of Directional Drilling Operations in the Middle Eas

NESR is a Special Purpose Acquisition Company formed in the British Virgin Islands and headquartered in Houston, Texas. The company raised $229 million in its IPO to acquire companies in the. NESR Q2 2018 Earnings Call Transcript Webcast Nov 12, 2017 National Energy Services Reunited Corp.'s Call on November 21st to Discuss the Acquisitions of Gulf Energy SAOC and National Petroleum Services Audio Transcrip

National Energy Services Reunited Corp. (NESR) agreed on April 1 to acquire service lines of Action Energy Co. WLL for around $50 million in cash, which Houston-based NESR said will position it as a top-tier oilfield service provider in Kuwait. Action Energy is one of the leading indigenous oilfield services companies in Kuwait with multiple. National Energy Services Reunited Corp. Reports Fourth Quarter and Full Year 2019 Financial Results. 26 Feb 2020. HOUSTON, TX / ACCESSWIRE / February 26, 2020 / National Energy Services Reunited Corp. (NESR or the Company) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions. The $27 million cash component of the acquisition, as well as $22 million long term debt repayment, will be funded with cash from NESR's balance sheet and the existing Revolving Credit Facility

NESR Announces Partnership with Beyond Energy for Managed

عرض ملف Shady Ashraf الشخصي على LinkedIn، أكبر شبكة للمحترفين في العالم. Shady لديه 3 وظيفة مدرجة على ملفهم الشخصي. عرض الملف الشخصي الكامل على LinkedIn واستكشف زملاء Shady والوظائف في الشركات المشابه The $27 million cash component of the acquisition, as well as $22 million long term debt repayment, will be funded with cash from NESR's balance sheet and the existing Revolving Credit Facility NESR is a leading oil and gas services provider in the MENA region. NESR began as a special purpose acquisition corporation, or SPAC, focused on investing in global oil & gas services space in May 2017. In November 2017, NESR announced the acquisition of two of the most prominent oilfield services companies in the MENA region: GES and NPS NESR announced the acquisitions of the two firms in November 2017 and closed the business combination in June 2018. The business combination creates a regional oilfield services leader in the MENA region. It provides a platform to accelerate growth and bring new technology to the region

MDT Data Acquisition & Controls; Reservoir. Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 4,000 employees, representing more than 40 nationalities in over 15 countries,. NESR began as a special purpose acquisition corporation, or SPAC, focused on investing in global oil & gas services space in May 2017. In November 2017,. In June 2018, NESR completed the acquisition of NPS after the transaction was approved by Securities and Exchange Commission in United States and NESR's shareholders. One of the key motives of selling to NESR was their similar vision of creating a champion OFS provider in the region, and we believe, NESR, as new shareholder has the talent and capacity to achieve this objective NESR started out as a special purpose acquisition corporation (SPAC) designed to invest in the oilfield services space globally in May 2017. In November 2017, NESR announced the acquisition of the two most prominent oilfield services companies in the MENA region: Gulf Energy SAOC (GES) and National Petroleum Services (NPS) NESR announced the acquisitions of the two firms in November 2017 and expects to close the transaction in the second quarter of 2018. The business combination creates a regional oilfield services leader in the Middle East North Africa Region. It provides a platform to accelerate growth and bring new technology to the region

NESR | Egypt

Waha Capital agrees to sell its stake in NPS Holdings to

  1. NESR becomes significant player in Egyptian oil & gas industry with acquisition of SAPESCO NESR becomes significant player in Egyptian oil & gas industry with ac The guide to the world's leading financial and corporate law firm
  2. NESR, led by Sherif Foda, is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, engaging in a share exchange.
  3. g industry. The judging panel declares National Energy Services Reunited winner of the 2017 Most Promising Energy Value Creation IPO United States Award
(PDF) A Hyperspectral Thermal Infrared Imaging Instrument

NESR Executive Tea

NESR is a Special Purpose Acquisition Company (SPAC) formed in the British Virgin Islands and headquartered in Houston, Texas. The company raised $229 million in its IPO to acquire companies in the energy services sector globally. NESR is led by CEO Sherif Foda, who is also one of the shareholders of the company HOUSTON, TX / ACCESSWIRE / July 17, 2020 / National Energy Services Reunited Corp. (NESR or the Company) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, today announced that it will release its financial results for the second quarter 2020 on Tuesday, August 4, 2020 Pursuant to Accounting Standard Codification (ASC) 805, Business Combinations (ASC 805), the acquisition-date fair value of the purchase consideration paid by NESR to affect the. This acquisition marks the entry of NESR into the growing and successful Egyptian Oil and Gas Industry, said Sherif Foda, Chairman and CEO of NESR HOUSTON, Aug. 15, 2018 (GLOBE NEWSWIRE) -- National Energy Services Reunited Corp. (NESR) (NASDAQ: NESR) (NASDAQ: NESRW), an industry-leading provider of integrated energy services and solutions in the Middle East and North Africa (MENA) region, today announced that it will report results for the second quarter 2018 on Monday, August 20, 2018

NESR was formed as a special purpose acquisition company in January 2017 in the British Virgin Islands to acquire companies in the energy services sector, it subsequently raised around $229 million in an IPO in May 2017. Ogier also advised for NESR in respect of its IPO and has provided general British Virgin Islands advice since 'This acquisition marks the entry of NESR into the growing and successful Egyptian Oil and Gas Industry,' said Sherif Foda, Chairman and CEO of NESR. 'With SAPESCO's long standing reputation in the market for best in class equipment, talented workforce, performance and safety, we are confident we will continue to benefit through the combined growth of our business NESR began as a Special Purpose Acquisition Corporation, or SPAC, focused on investing in global oil and gas services space in May 2017. In June 2018, NESR completed the acquisition of two of the most prominent oilfield services companies in the MENA region, Gulf Energy SAOC. NESR is a Special Purpose Acquisition Company formed in the British Virgin Islands and headquartered in Houston, Texas. The company raised $229 million in its IPO to acquire companies in the energy services sector globally. NESR is led by CEO Sherif Foda, who is also one of the shareholders of the company. About National Petroleum Service Nestle SA (NESN:SWX) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 5,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration. The acquisition is expected to be completed by March 31, 2020, subject to standard regulatory approvals and satisfaction of customary closing conditions. Mr.Akmal Kortam, Owner and Founder of SAPESCO, commented: I am very pleased to see the signing of this agreement and we look forward to joining NESR as our companies share common values and commitment to safety, service, technology and. NESR also concluded the acquisition of Sahara Petroleum Services Company S.A.E. (SAPESCO) during the quarter. Its adjusted EPS came in at $0.16, compared to the quarter-ago value of $0.14. The COVID-19 pandemic triggered a major collapse in oil prices

Initially a special purposes acquisition company (SPAC) that was formed to invest in global oilfield services, it purchased two foreign entities with active operations in 2018; garnered listing on the NASDAQ exchange; maintained a 4,500-strong workforce in 15 countries; and in February, reached an agreement to acquire Sahara Petroleum Services Co. (SAPESCO), Egypt's largest indigenous.

Looper Goodwine attorneys Don Looper and Mark Nawfal represented NESR in the acquisition of two oil field service companies in Oman and the UAE to enable NESR to satisfy its requirements of its SPAC to release funds and capitalize the company National Energy Services Reunited Corp. company facts, information and financial ratios from MarketWatch NESR National Energy Services $6.93 / +0.18 (+2.67%) 06/02/20 National Energy Services finalizes agreement to close SAPESCO acquisition 03/23/20 National Energy Services Reunited Corporation trading resumes 03/23/20 National Energy Services Reunited Corporation trading halted, volatility trading pause 01/23/2 National Energy Services Reunited ('NESR') which went public in May 2017 has completed the acquisition of two businesses that it announced in November 2017. The company is listed on NYSE, is registered in the British Virgin Islands and has its operational headquarters in the Galleria area of Houston. It has acquired the stock of National Petroleum [

NESR is one of the largest oilfield services providers in the MENA region. NESR started as a special purpose acquisition corporation designed to invest in the oilfield services space in May 2017. By November 2017, NESR announced the acquisition of two of the most prominent oilfield services companies in the MENA region: Gulf Energy SAOC (GES) and National Petroleum Services (NPS) NESR. Delta State University (NG) Report this profile About Experienced Acquisition Specialist with a demonstrated history of working in the oil & energy industry. Skilled in Customer Service, Microsoft Office, Social Media, Research, and Leadership. Strong information technology. NESR is a Special Purpose Acquisition Company (SPAC) formed in the British Virgin Islands and headquartered in Houston, Texas. The company raised $229 million in its IPO to acquire companies in the energy services sector globally. NESR is led by CEO Sherif Foda, who is also one of the shareholders of the company. About National Petroleum Service

National Energy Services Reunited (NESR) has agreed to acquire Gulf Energy SAOC (GES) and National Petroleum Services (NPS) for a combined price of nearly $1.1bn. The intention of the NSER, an US-based special purpose acquisition company (SPAC), is to merge the two firms into a major oilfield services provider in the Middle East and North Africa (MENA) region In November, NESR announced the acquisition of two most prominent oilfield services companies in the Mena region: Gulf Energy SAOC (GES) and National Petroleum Services (NPS). The formation of NESR as an operating entity was completed in June this year, after the transactions were approved by Securities and Exchange Commission in United States and NESR shareholders respectively Source: SEC.gov * ND = Not Disclosed as of 5/8/18 . Now some good news The good news is, Trinity Merger Corp. is expected to price late this week (most likely Thursday, for Friday trading), followed closely by VectoIQ Acquisition Corp. (the week of 5/14) and Trident Acquisition Corp. (the week of 5/21). That's $675 million in aggregate gross proceeds so far for May Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Suppor

NESR Hom

HOUSTON, TX / ACCESSWIRE / June 2, 2020 / National Energy Services Reunited Corp. ('NESR' or the 'Company') (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ('MENA') and Asia Pacific, announced a final agreement pursuant to which NESR will acquire Sahara Petroleum Services Company S.A.E. ('SAPESCO'), the. HOUSTON, TX / ACCESSWIRE / March 15, 2021 / National Energy Services Reunited Corp. (NESR or the Company) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated.

NESR Career

In addition to revenue and cost synergies, NESR expects to benefit from in-country value creation through the delivery of superior service and technology. The company was established as a special purpose acquisition corporation (SPAC) last year, primarily focused on investing in the oil and gas services sector Gradiant Energy Services Announces Entering into MOU with NESR for the MENA Region. DENVER-- ( BUSINESS WIRE )--Gradiant Energy Services (GES), a leading service provider for produced and. In June 2018, NESR completed the acquisition of NPS after the transaction was approved by Securities and Exchange Commission in United States and NESR's shareholders NESR partners with Beyond Energy for Managed Pressure Drilling Apr. 19, 2021 9:12 AM ET National Energy Services Reunited Corp. (NESR) By: Akanksha Bakshi , SA News Edito National Energy Services Reunited Corp. Finalizes Agreement to Close Acquisition of SAPESCO. June 2, 2020. HOUSTON, TX / ACCESSWIRE / June 2, 2020 / National Energy Services Reunited Corp. (NESR or the Company) (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North.

NESR | Stimulation & Pumping

NESR Egyp

In June 2018, NESR completed the acquisition of NPS after the transaction was approved by Securities and Exchange Commission in United States and NESR's shareholders. One of the key motives of selling to NESR was their similar vision of creating a champion OFS provider in the region, and NESR, as new shareholder, has the talent and capacity to achieve this objective Please note the cautionary statements about these terms in our November 12 press release about the NESR acquisitions, as well as in the slides we filed on November 16 and November 20, both of which are available via our web site and the SEC Adnan Ghabris. This page shows the track record and history of Ghabris Adnan insider trades in National Energy Services Reunited Corp.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. It is illegal for insiders to make trades in their companies based on material, non-public. HOUSTON, June 07, 2018 (GLOBE NEWSWIRE) -- National Energy Services Reunited Corp. (NESR) (NASDAQ: NESR) (NASDAQ: NESRW), announced today the.

Cementing Units equiped with single or twin hydraulic highEnron - Corporate Governance - Scandal - Nesr

NESR About U

May El Shaarawy is a Partner with Matouk Bassiouny & Hennawy's Corporate and Merger & Acquisition team. May joined MBH in November 2018 after finishing her LL.M. at Harvard Law School. Her legal practice started in 2007 when she graduated top of her class at Cairo University, Faculty of Law. She worked at reputable law firms in Egypt during. The NESR IPO represents the largest to date in an ever-increasing line of successful SPAC IPOs for Ogier in the BVI, including DT Asia Investments Limited (now China Lending Corporation) in 2014 and Atlantic Alliance Partnership Corp. and Pacific Special Acquisition Corp. in 2015 09 Aug, 2018. Sherif Foda has served as NESR's chief executive officer and chairman since its inception. He has a quarter-century's worth of professional experience in the oil and gas industry around the world, primarily at Schlumberger. At that company, he served as senior advisor to the chairman, as president of the Production Group, and. NESR earnings call for the period ending December 31, So -- and that's why we are going to have, including the acquisition of the SAPESCO, we maintained $100 million cap on our 2020 spend

Google's Nest acquisition was more disastrous than we

NESR is the first and only NASDAQ listed national oilfield services company in the MENA region and one of the largest oilfield services provider in the Middle East, North Africa and Asia region. On June 6th 2018, NESR consummated the 100% acquisition of: a) NPS Holdings Limite National Energy Services Reunited Corp (NESR:NAQ) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more NESR Noise Equivalent Spectral Radiance OPD Optical Path Difference PDR Preliminary Design Review SNR Signal-to-Noise Ratio RD Reference Document RMS Root Mean Squared TBC To Be Confirmed TBD To Be Determined ZPD Zero Path Difference . Date: 17 August 2004 5 ENVISAT-1. National Energy Services Reunited 20F annual report filed 2019-12-31. Read the latest NESR earnings, compare with past earnings, and copy+paste into Excel

NexTier Announces Successful Partnership with NESR for the

Net Worth and Insider Trades. SPV Ltd NESR is listed as an insider in the following companies: NESR / National Energy Services Reunited Corp Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information CAIRO, EGYPT / ACCESSWIRE / February 13, 2020 / National Energy Services Reunited Corp. (NESR or the Company) (NASDAQ: NESR) (NASDAQ: NESRW), a national,..

Events & Presentations - NES

National Energy Services Reunited Corp. (NASDAQ:NESR) Q4 2020 Earnings Conference Call February 24, 2021, 08:00 AM ET Company Participants Sherif Foda - Chairman & Chief Executive.. Next Week. Keep your eyes on Trident Acquisition Corp. and Thunder Bridge Acquisition Corp. Both deals should be ready to IPO next or the week after. Additionally, Landcadia has its shareholder vote to extend the completion deadline on Wednesday, May 30th. Landcadia will be proposing to extend the date from June 1, 2018 to December 14, 2018. Looper Goodwine, P.C., represented National Energy Services Reunited Corp, a BVI corporation (NESR) formed in 2017 to complete the acquisition of two oil field service companies in the Middle East.The acquisitions were completed upon receiving public shareholder approval for acquiring Gulf Energy Services, in Oman, and National Petroleum Services (NPS) , operating in UAE and Saudi. NESR began as a special purpose acquisition corporation, or SPAC, focused on investing in global oil & gas services space in May 2017. In November 2017,. Oil & Gas 360® c/o EnerCom, Inc. 410 17th Street. Suite 250. Denver, CO 80202. 360support@enercominc.com. 303-296-8834. E-mail for Advertising Information

Houston-based NESR Continues Middle East Growth Strategy

NESR is the first and only NASDAQ listed national oilfield services company in the MENA region and one of the largest oilfield services provider in the Middle East, North Africa and Asia region. On June 6th 2018, NESR consummated the 100% acquisition of: a) NPS Holdings Limited for Eng. Turki M. Al-Mady is the Chief Investment Officer at Dussur. Before assuming his current responsibilities, he held several leadership positions in the Saudi Basic Industries Corporation (SABIC)'s corporate functions and a group of companies globally, including the roles of serving as General Manager for Mergers and Acquisitions. Read More

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