Fajr Capital and Dubai family office consortium acquired NPS for more than $500 million
A consortium of investors led by Dubai-based investment firm Fajr Capital has acquired the oilfield services company National Petroleum Services (NPS).
The transaction, which is expected to close in the second quarter of 2014, is valued "in excess of $500 million", Reuters is reporting. Fajr Capital is based in Dubai and have among its shareholders Abu Dhabi Investment Council, Government of Brunei, Malaysia's Khazanah Nasional and Saudi Alsubeaei Family Office.
Fajr Capital is listed in the Middle East Investors Directory with the code SINMA16.
More details follows
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