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National Energy Services Reunited : NESR Joins the United Nations Global Compact

09/08/2021 | 04:42pm EDT

08 Sep 2021

HOUSTON, TX / ACCESSWIRE / September 8, 2021 / National Energy Services Reunited Corp. ('NESR' or the 'Company') (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ('MENA') and Asia Pacific regions, today announced that it has joined the United Nations Global Compact initiative - a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.

With this announcement, NESR is proud to join thousands of other companies globally committed to taking responsible business action to create the world we all want. The UN Global Compact is a call to companies to align their operations and strategies with the ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to take action in support of the UN goals and issues embodied in the Sustainable Development Goals. Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 9,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks.

'In line with our commitment to the ten principles of the UN Global Compact and to sustainable and responsible business practices, NESR is proud to join thousands of companies around the world in working to imbed the ten principles into our operations and strategies. In joining the UN Global Compact, we are also reaffirming our commitment to respecting human and labor rights, safeguarding the environment, and working against corruption in all its forms' commented Hawazen Nassief, Vice President ESG & External Affairs at NESR. 'This also reflects our commitment to continuously enhance our governance structure and strengthen the long-term sustainability and resilience of our business. We are very proud of the progress we have made as a corporate citizen since our inception in 2017, and I am confident that we are a stronger company today because of our commitment to corporate responsibility. I encourage you to visit our website and learn more about our sustainability work in our inaugural ESG report.'

About National Energy Services Reunited Corp.

Founded in 2017, National Energy Services Reunited Corp. is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 5,000 employees representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping, and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and more efficient manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids, and Rig Services.

Forward-Looking Statements

This communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Any and all statements contained in this communication that are not statements of historical fact may be deemed forward-looking statements. Terms such as 'may,' 'might,' 'would,' 'should,' 'could,' 'project,' 'estimate,' 'predict,' 'potential,' 'strategy,' 'anticipate,' 'attempt,' 'develop,' 'plan,' 'help,' 'believe,' 'continue,' 'intend,' 'expect,' 'future,' and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this communication may include, without limitation, statements regarding the benefits resulting from the Company's recent business combination transaction, the plans and objectives of management for future operations, projections of income or loss, earnings or loss per share, capital expenditures, dividends, capital structure or other financial items, the Company's future financial performance, expansion plans and opportunities, and the assumptions underlying or relating to any such statement.

The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation: the ability to recognize the anticipated benefits of the Company's recent business combination transaction, which may be affected by, among other things, the price of oil, natural gas, natural gas liquids, competition, the Company's ability to integrate the businesses acquired and the ability of the combined business to grow and manage growth profitably; integration costs related to the Company's recent business combination; estimates of the Company's future revenue, expenses, capital requirements and the Company's need for financing; the risk of legal complaints and proceedings and government investigations; the Company's financial performance; success in retaining or recruiting, or changes required in, the Company's officers, key employees or directors; current and future government regulations; developments relating to the Company's competitors; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic and market conditions, political disturbances, war, terrorist acts, international currency fluctuations, business and/or competitive factors; and other risks and uncertainties set forth in the Company's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission (the 'SEC').

You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update the forward-looking statements contained in this communication to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC.

For inquiries regarding ESG, please contact:

Hawazen Nassief

For inquiries regarding NESR, please contact:

Blake Gendron
National Energy Services Reunited Corp.

SOURCE:National Energy Services Reunited Corp.

View source version on accesswire.com :


NESR - National Energy Services Reunited Corp. published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 20:41:12 UTC.

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Sales 2021 945 M - -
Net income 2021 49,1 M - -
Net Debt 2021 341 M - -
P/E ratio 2021 24,3x
Yield 2021 -
Capitalization 1 157 M 1 157 M -
EV / Sales 2021 1,58x
EV / Sales 2022 1,17x
Nbr of Employees 5 581
Free-Float 35,0%
Duration : Period :
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