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NESR Celebrates Signing of Unconventional Frac Contract During Saudi-United States Investment Forum

  • National Energy Services Reunited Corp. (NESR) celebrated the signing of its unconventional frac contract during the Saudi-US Investment Forum 2025 on November 19 in Washington D.C.
  • The contract award contributed to a collective total of over USD $30 billion in agreements announced during the event.
  • NESR's position in the Jafurah frac tender is expected to drive significant business growth over the five-year term of the contract.
  • The company engaged with Aramco executives, US & Saudi delegates, & leaders from major global corporations at the forum.
  • Chairman & CEO Sherif Foda highlighted the strong bond between Saudi Arabia & the US, noting the energy sector's estimated $120 billion value from their collaboration.
  • NESR emphasized its role as the only Saudi energy services National Champion publicly listed on the US Nasdaq.
  • The press release included standard forward-looking statement cautionary language regarding risks, uncertainties, & SEC filings.
  • NESR was founded in 2017, employs over 6,000 people from 60 nationalities, & operates in 16 countries across MENA & Asia Pacific.
  • The company provides integrated energy services including production services like hydraulic fracturing & drilling services such as directional drilling.