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FINANCIAL NEWS
Gulf investors plan purchasing National Petroleum Services
23 Apr 2014
(MENAFN) A number of major Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp. (APICORP) plan to buy Dubai-based oilfield services firm National Petroleum Services, according to Arab News.
The deal worth over USD500 million, and is expected to be signed during the second quarter of this year.
The deal will be signed by Fajr and also containing APICORP and Saudi-Arabia based investment holding company Zamil Group, Reuters reported.
According to the report, some of the current shareholders would retain a minority stake, including Abdul Aziz Al-Dolaimi, who would continue as chairman.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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