Daily Archives: June 10, 2018

‫مشاركين من الشباب في برنامج كرة القدم من أجل الصداقة من 211 بلدًا ومنطقة يصلون إلى موسكو

موسكو، 9 يونيو 2018. – بدأت الفعاليات النهائية للموسم السادس من برنامج جازبروم الاجتماعي الدولي للأطفال كرة القدم من أجل الصداقة في موسكو. وقد وصل 1500 طفل وشاب إلى العاصمة الروسية للمشاركة في المشروع العالمي. وقد جمع برنامج كرة القدم من أجل الصداقة هذا العام مشاركين من 211 بلدًا ومنطقة حول العالم. والبرنامج يدعمه كل من الفيفا والاتحاد الأوروبي والأمم المتحدة ورؤساء اتحادات كرة القدم الوطنية، فضلاً عن ممثلي المؤسسات الحكومية. وسيصل إلى موسكو أكثر من 300 صحفي من أبرز وسائل الإعلام الدولية من أجل تغطية الفعاليات النهائية للبرنامج.

https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_98i98tcm/def_height/400/def_width/400/version/100011/type/1(Photo: https://mma.prnewswire.com/media/703604/Gazprom_Football_for_Friendship.jpg )

وخلال الأيام القليلة القادمة، سيشارك السفراء الشباب للقيم الأساسية العالمية للبرنامج، وهي الصداقة والمساواة والعدالة والصحة والسلام والإخلاص والنصر والتقاليد والشرف، في جدول أعمال تعليمي يناقش موضوعات في غاية الأهمية. ولهذا، ففي إطار معسكر الصداقة الدولي الذي يستمر لمدة ثلاثة أيام، سيتم تنظيم الدورات التدريبية الرياضية والعملية الرئيسية مع نجوم كرة القدم العالميين والمدربين المحترفين من أجل اللاعبين الشباب والصحفيين الشباب والمدربين الشباب في البرنامج. وفي القسم الاجتماعي التعليمي بجدول الأعمال، هناك أنشطة تهتم بالأطفال يشارك فيها الشخصيات العامة وممثلو صناديق حماية الطبيعة وصحفيين من أبرز وسائل الإعلام الروسية والأجنبية، الذين سيشاركون خبراتهم مع المواهب الشابة في مركز صحافة الأطفال الدولي ببرنامج كرة القدم من أجل الصداقة. وسيحضر جميع الشباب المشاركين دورات تقدمها مدرسة القيم التسع، والتي قيمتها الأمم المتحدة كبرنامج تعليمي فريد من نوعه وسيشاركون كذلك في الدورات الأولمبية والمنتدى البيئي الدولي للأطفال.

وفي 12 حزيران/يونيو في نهاية التدريبات، سيلتقي 32 فريقًا من فرق الصداقة الدولية، والتي تمت تسميتها بأسماء الحيوانات النادرة والمنقرضة، في الملعب في إطار بطولة كرة القدم من أجل الصداقة العالمية. وستتوج الفعاليات النهائية للبرنامج بمنتدى كرة القدم من أجل الصداقة الدولي للأطفال، والذي سينعقد في موسكفاريوم، المجمع الفريد من نوعه، وهو المتحف المائي المسقوف الأكبر في أوروبا. وسوف يحضر “سفراء الشباب” لكرة القدم للصداقة الحدث الرئيسي لكرة القدم العالمية لعام 2018، وهو المباراة الافتتاحية في كأس العالم لكرة القدم في روسيا.

National Energy Services Reunited Corp. Announces the Completion of Its Business Combination With Gulf Energy SAOC and National Petroleum Services

DUBAI, United Arab Emirates, June 10, 2018 (GLOBE NEWSWIRE) — National Energy Services Reunited Corp. (“NESR”) (NASDAQ:NESR) (NASDAQ:NESRW), announces the completion of its business combination with Gulf Energy SAOC (“GES”) and National Petroleum Services (“NPS”) on June 6, 2018. The combined company creates an industry-leading provider of integrated energy services and solutions in the Middle East and North Africa (“MENA”) region. Following the closing of the transaction, NESR’s common stock and warrants will continue to trade on the NASDAQ Capital Market stock exchange under the ticker “NESR” and “NESRW,” respectively.

“We are pleased to announce that National Energy Services Reunited Corp. is now ready and eager to deliver the highest quality of services to our esteemed customers in the MENA region,” said Sherif Foda, Chairman of the Board and CEO of NESR. “When we set out on this journey, we envisioned to create a truly national services company which has its roots in the MENA region. With the closing of these acquisitions, I believe we achieved our objective and have set the stage for our future growth strategy. Our key goals are to create employment opportunities, significantly expand local manufacturing and be recognized as one of the best service providers in the area. I would also like to thank our shareholder base which has supported these transactions, and I look forward to working with our great team of employees of NPS and GES to fulfill our vision.”

The transaction was approved by the board of directors of NESR and by shareholders at a special meeting in lieu of an annual meeting on May 18, 2018. At $10.00 per share, NESR will have an aggregate market capitalization following the business combination and completion of redemptions of approximately $1.1 billion. As a result of the business combination, former GES and NPS shareholders including Mubadarah Investments LLC, Al Nowais Investments and Sheikh Suhail Bahwan, now collectively own a significant portion of the combined company, representing approximately 46% of the proforma market capitalization. Major shareholders who provided capital for the acquisitions include SCF Partners along with Viburnum Funds, The Olayan Group, and Waha Capital PJSC.

About National Energy Services Reunited Corp.

NESR is a leading oil and gas services provider in the MENA region. NESR began as a special purpose acquisition corporation, or SPAC, focused on investing in global oil & gas services space in May 2017. In November 2017, NESR announced the acquisition of two of the most prominent oilfield services companies in the MENA region: GES and NPS. These transactions were completed in June 2018.

About SCF Partners

Founded in 1989, SCF Partners (“SCF”) provides equity capital and strategic growth assistance to build leading energy service and equipment companies that operate throughout the world. The firm is headquartered in Houston, Texas and has additional offices in Calgary, Singapore and Aberdeen. SCF currently oversees approximately $2 billion under management and has built more than 70 platform services companies, completing over 300 growth acquisitions, through partnerships with energy services and equipment entrepreneurs.

About Viburnum Funds

Viburnum Funds Pty Ltd. (“Viburnum”) is an Australian high conviction, active ownership investment manager of public and private equities. Their private equity strategy focuses on investments in expansion and replacement capital for mid-market resource services firms operating in Asia and Australasia. Founded in 2007, Viburnum is headquartered in Perth, Australia with offices in Singapore and Melbourne.

About Olayan Group

The Olayan Group (the “Group”), a private multinational enterprise, is an international investor and a diverse commercial and industrial concern with operations in the Middle East. With offices in Saudi Arabia, Europe, and the US, the Group’s global investment team focuses on public and private equities, real estate, fixed income securities, and other specialized assets. The commercial side of the Group comprises more than 40 companies and is centered in Saudi Arabia, where the Group originated in 1947. They are engaged in distribution, manufacturing, and services. Many of these companies operate in partnership with leading multinational or regional firms. Some have operations in other Gulf countries and the wider Middle East.

About Waha Capital

Waha Capital (“Waha”) is an Abu Dhabi-listed investment company that offers shareholders and third-party investors exposure to high-potential opportunities in diversified asset classes. The company manages assets across several sectors, including aircraft leasing, healthcare, financial services, fintech, energy, infrastructure, industrial real estate and capital markets. Through its Principal Investments unit, Waha has established a strong investment track-record, deploying capital in sectors that display robust demand fundamentals and that have been prioritized by governments in the Middle East and North Africa region. The company has also built a strong capability in managing global and regional credit and equity portfolios, which have enhanced the diversification and liquidity of Waha’s balance sheet. The excellent performance of the company’s principal investments and capital markets portfolios has laid the foundations for the launch of an asset management business aimed at third-party investors. Established in 1997, Waha benefits from a roster of prominent local shareholders that includes Mubadala Development Company, and a distinguished board, chaired by H.E. Salem Rashid Al Noaimi.

About Mubadarah Investments LLC

Founded by Hilal Al-Busaidy and Yasser Al Barami, Mubadarah, along with its majority holdings in GES, has investment interests in energy, mining, hospitality, manufacturing and healthcare in Oman as well as across the Middle East and North Africa Region. Mubadarah’s vision is to be one of the fastest growing corporates in the region and to be a leader in In Country Value creation with their investments.

About Al Nowais Investments

AlNowais Investments is an investment company headquartered in Abu Dhabi, UAE, that owns and controls a diverse array of subsidiary companies. Founded in the late 1970s by members of AlNowais family, the group has evolved from a local business to a regional conglomerate with a successful track record of investing in multiple markets and sectors. Over the past three decades, AlNowais Investments has enjoyed significant growth and has become a trusted investment name in the MENA Region. AlNowais Investments owns controls and manages a diversified portfolio of companies which operate in multiple vital sectors, including: engineering and construction, oilfield services, healthcare, communication systems and technology, electromechanical and chemical industries, construction industries, real estate, hospitality and infrastructure projects. We make strategic principal investments in businesses in select industries that exhibit exceptional potential for growth and expansion. We originate, develop and execute large-scale projects in the energy and infrastructure sectors in partnership with leading players in these industries.

About Sheikh Suhail Bahwan, Chairman of Suhail Bahwan Group (Holding) LLC.

From a small trading enterprise at Muttrah, Oman in 1965, the Suhail Bahwan Group has grown to become a multibillion-dollar corporate enterprise with over 40 companies in the Sultanate of Oman and across the Gulf Region, North Africa and South Asia, guided by the vision and the wisdom of His Majesty Sultan Qaboos Bin Said. As one of the largest and most professionally managed business organizations in the Middle East, the Group’s diversified businesses cover almost every aspect of people’s lives – from automobiles, electronics, computers, travel, lifestyle and healthcare to agriculture, construction, engineering, information technology, manufacturing, oil and gas services and telecommunications – thus helping customers realise their dreams and aspirations to lead a quality life. With an inspired workforce of over 15,000 employees, the Suhail Bahwan Group believes that understanding and anticipating customer needs is crucial to its continued success, and strives to provide customers with world-class products and services at the best value for money.

Forward Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws.  Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions.  The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.  Forward-looking statements may include, for example, statements about the benefits of the transaction described in this communication; the future financial performance and capital structure of NESR following the transaction; and changes in NESR’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management.  These forward-looking statements are based on information available as of the date of this communication, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.  Accordingly, forward-looking statements should not be relied upon as representing NESR’s views as of any subsequent date, and NESR does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.  You should not place undue reliance on these forward-looking statements.  As a result of a number of known and unknown risks and uncertainties, NESR’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements.  Some factors that could cause actual results to differ include NESR’s ability to maintain the listing of its ordinary shares and warrants on the NASDAQ Capital Market following the business combination, NESR’s ability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, the price of oil, natural gas and natural gas liquids, competition and the ability of NESR to grow and manage growth profitably following the transaction; changes in applicable laws or regulations; the possibility that NESR may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties indicated in NESR’s public filings with the Securities and Exchange Commission.

For inquiries regarding NESR, please contact:

Dhiraj Dudeja
National Energy Services Reunited Corp.
832-925-3777
info@nesrco.com

or

Joseph Caminiti or Steve Calk
Alpha IR Group
312-445-2870
NESR@alpha-ir.com

Sharjah Charity International launches local, international projects worth AED7 million

SHARJAH, In 2017, Sharjah Charity International, SCI, launched a series of projects in several countries, including Niger, Malawi, India, Tanzania, Sri Lanka, Sudan and Egypt, worth AED7 million, which benefitted poor families.

The projects included those in the areas of housing, stories, wells, mosques, schools and infrastructure maintenance, and were funded by an endowment donated by philanthropists in Sharjah.

Abdullah Sultan bin Khadim, Member of the Board of Directors and Executive Director of SCI, said that the organisation’s investment projects are a source of funding and support for other local and international projects, in light of the organisation’s desire to encourage and promote investment and locate renewable sources of income, as well as to cover the cost its long-term plans and implement projects in many countries.

He added that SCI’s endowment projects have supported needy people.

Abdullah bin Khadim highlighted SCI’s role in promoting and strengthening the culture of charity work, while stressing that its projects have made a difference in the lives of needy families. The charity endowments supported by the donation of philanthropists have many objectives, including to provide support to poor and needy people, he added.

Source: Emirates News Agency

RTA extends deadline for submissions to Hamdan bin Mohammed Award for Innovation in Project Management to 31st July, 2018

DUBAI, The Board of Trustees of the Hamdan bin Mohammed Award for Innovation in Project Management has announced that the deadline for submissions to the 2nd edition of the award has been extended to 31st July from 30th June, 2018.

The extension is to allow extra time for increased participation from individuals and organisations across the nation, region and world.

“The decision to extend the deadline for receiving submissions was aimed to facilitate the largest possible number of submissions. It will also enhance the competitiveness through diverse participation from all over the globe,” said Laila Faridoon, Member of Board of Trustee and Secretary-General of the Award cum Executive Director of the Office of the Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority, RTA, in Dubai.

“The award seeks to unearth, reward, promote and empower innovation in project management, PM, through developing an innovative PM methodology, providing a database for the best PM practices and business models, and setting up a platform for sharing creative ideas and training on PM skills. The award targets the international business communities, which comprises two categories, which include PM specialists and experts, and individuals/entities concerned with PM programmes or projects portfolio. The total prize-money of the award amounts to AED2.6 million (US$710,000).

“The award is a motivational tool for innovative leaders, teams and ideas in various organisations. The winners will be announced during the 5th Dubai International Project Management Forum, DIPMF, in December this year. Winners will be selected based upon two criteria: innovation methodology adopted in the project, and the impact of this innovation on the deliverables of the project,” added Faridoon.

The award encompasses four categories: Individuals ($100,000), Innovative Team ($80,000), Innovative Corporate Ideas ($450,000) and Academic ($80,000).

“There are several general rules and conditions for the award that have to be observed by applicants. The project must have been completed more than 48 months before applying for the award, and all supporting materials and proof documents have to be provided at the time of submission, clearly flagged and referred. In case additional information is required, it must be supplied within five working days from the date of the request. All submitted works must have been accomplished by the applicant and approved by the project sponsor. Also, documentary proof has to be submitted,” added Faridoon.

Applicants can register through the website: http://www.hbmaipm.com.

Source: Emirates News Agency