Company Overview

National Energy Services Reunited Corp. (NESR) is an international oilfield services company that provides integrated technical solutions to upstream oil and gas operators. The company operates primarily in the Middle East and North Africa (MENA) region, serving national oil companies, international oil companies, and independent producers across conventional and unconventional resource developments. NESR’s offerings span the full well lifecycle, with a focus on drilling, completion, stimulation, and production enhancement services.

NESR was formed in 2017 through the merger of two established regional service providers, creating a scaled platform with local expertise and international technical standards. Since its formation, the company has positioned itself as a leading MENA-focused oilfield services provider by emphasizing in-country value creation, workforce localization, and cost-efficient service delivery tailored to regional operating environments.

Business Operations

NESR generates revenue through multiple business segments that support drilling and production activities, including Drilling & Evaluation, Completion & Production, and Stimulation & Intervention Services. Its service portfolio includes drilling fluids, cementing, coiled tubing, hydraulic fracturing, wireline logging, pressure pumping, and production chemicals. These services are delivered through integrated project-based contracts and long-term service agreements.

The company operates through a network of operating subsidiaries across its core markets, controlling specialized equipment fleets, laboratories, and service bases. NESR’s operations are supported by proprietary workflows, localized manufacturing and blending facilities, and regional research and training centers. The company maintains commercial and technical partnerships with equipment suppliers and technology providers to enhance service reliability and operational efficiency.

Strategic Position & Investments

NESR’s strategic direction emphasizes organic growth in core MENA markets, increased penetration with national oil companies, and expansion of integrated service offerings. The company focuses on long-term contracts that provide revenue visibility and scale advantages, while also investing in operational efficiencies and digital optimization of field services.

Historically, NESR has expanded through selective acquisitions of regional oilfield service businesses and asset portfolios, integrating them under a unified operating model. The company continues to invest in pressure pumping capacity, stimulation technologies, and production optimization solutions, particularly aligned with gas development, unconventional resources, and enhanced oil recovery projects in the region.

Geographic Footprint

NESR is headquartered in the United States, with principal operations concentrated in the Middle East and North Africa. Its largest markets include Saudi Arabia, Egypt, Oman, Kuwait, United Arab Emirates, and Iraq, where it maintains operational bases, manufacturing facilities, and training centers.

Beyond its core MENA footprint, the company has operational exposure in Asia-Pacific and selective international markets, supporting multinational clients with regional and cross-border service requirements. NESR’s geographic strategy prioritizes countries with long-term upstream investment programs and strong demand for localized oilfield services.

Leadership & Governance

NESR is led by an executive team with extensive experience in global oilfield services and regional energy markets. The company’s leadership emphasizes operational discipline, safety performance, localization of talent, and long-term partnerships with customers and host governments. Governance practices are aligned with public company standards, including board oversight and compliance with regulatory reporting requirements.

Key executives include:

• Sherif Foda – Chairman of the Board and Chief Executive Officer
• Muhammad Taha – Chief Financial Officer
• Sherif Rizkalla – President, Drilling & Evaluation
• Rami Qasem – President, Production & Stimulation Services
• Adel Farag – Chief Operating Officer

The leadership team’s strategic vision centers on building a dominant, technology-enabled regional oilfield services platform capable of competing with global peers while maintaining strong local execution.