NESR plans to IPO stake on Tadawul soon: executive director

22/02/2022 Argaam
Tadawul screen

Tadawul screen

National Energy Services Reunited Corp. (NESR) is planning to list a stake on the Saudi Exchange (Tadawul) soon, said Executive Director Naif Al-Hadrami.

 

Speaking to CNBC Arabia, the top executive added that NESR is the first Saudi company to list shares on US markets and also the first to carry out a dual listing.

 

The company is working on projects that are focused on ground water and reduction of its usage in oil and energy sector, said Al-Hadrami, adding that his company provides more than 20 services to Saudi Aramco.

 

Established in 2017, NESR operates in oilfield drilling services and services for the oil and gas sector.

 

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