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UAE Waha Capital acquires a minority stake in Dubai's Petronash

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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Abu Dhabi on Oct.
15 (Reuters) reported on October 15 that it acquired a minority stake
in Dubai-based oilfield services company Petronash for $88 million.

The company said in a statement that Abu Dhabi-listed Waha could further increase its stake in Petronash by up to 50 percent
.

As part of the deal, Petronash will establish research and development centers in Chennai, India, and Dammam, Saudi Arabia, to drive innovation
, the statement said.

Abu Dhabi on Oct.
15 (Reuters) reported on October 15 that it acquired a minority stake
in Dubai-based oilfield services company Petronash for $88 million.

U.
A.
E

The company said in a statement that Abu Dhabi-listed Waha could further increase its stake in Petronash by up to 50 percent
.

As part of the deal, Petronash will establish research and development centers in Chennai, India, and Dammam, Saudi Arabia, to drive innovation
, the statement said.

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