Waha Capital acquired a minority stake in Dubai-based Petronash Holdings, a global oilfield services and manufacturing company in October 2018. The company is a leading provider of modular wellsite packages, chemical injection systems and wellhead control systems to the oil and gas industry.
Founded in 2000, Petronash employs approximately 600 people worldwide, including more than 200 Engineers and R&D Personnel.
The company is a manufacturer of specialized oilfield equipment with plants in Dubai, Houston and Dammam, and a state of art, centralized design, engineering and component-manufacturing hub in Chennai, India.
With key customers including large national oil companies from the public sector, such as Saudi Aramco, ADNOC, KOC, PDO, BP, Petronash has a strong order book of current and future projects. The company has high potential to expand further in the MENA region, and in other global oil and gas markets.
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