In June 2018 Waha Capital acquired a 5.8% stake in a NASDAQ-listed entity NESR as part of an exit consideration of NPS Holdings Limited. NESR is the first and only NASDAQ listed national oilfield services company in the MENA region and one of the largest oilfield services provider in the Middle East, North Africa and Asia region.
NESR is a special purpose acquisition company (SPAC) formed in the British Virgin Islands and headquartered in Houston. The company raised $229 million in its Nasdaq IPO to acquire companies in the energy services sector globally.
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