National Petroleum Services
- Business
- Oilfield Services
- Investment Date
- 1 June 2014
- Exit Date
- 1 June 2018
- Head Office
- Dubai, UAE
- Website
- npsintl.com
Enabling a strong management team to grow and expand across the Middle East.
National Petroleum Services (NPS) was established after the successful merger of two family-owned oil and gas services businesses in 2004. NPS grew to become the dominant oilfield services industry player in the Middle East and wider Asia – with approximately 1,600+ employees operating in key Asian markets, including Iraq, India, Indonesia, Malaysia, Qatar, Saudi Arabia, and the United Arab Emirates.
In 2014, Fajr Capital led a GCC-based consortium, including APICORP and Waha Capital, to acquire a significant minority stake in NPS. The company subsequently established itself as the region’s leading oilfield services company, and, in June 2018, Fajr Capital completed the full divestment of its stake in NPS to the NASDAQ-listed National Energy Services Reunited Corp (“NESR”).
