In June 2018, Waha Capital acquired a 6.3% stake in National Energy Services Reunited Corp. (NESR), as part of an exit consideration of NPS Holdings Limited. NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. The company was founded in 2017 and was the first national company from the MENA region to be listed on the NASDAQ, raising USD229 million in its Nasdaq IPO.
NESR’s primary business is to unlock the full potential of its customers’ reservoirs through such specialised services as hydraulic fracturing, stimulation, pumping and nitrogen services. It also provides drilling and evaluation services. It has over 5,000 employees representing more than 60 nationalities in some 15 countries.
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