Published: Jun 30, 2014
Source: Emirates 24|7


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Waha Capital buys into Dubai energy firm

Firm sets up unit to drive investments in energy sector across Mena

Abu Dhabi investment firm Waha Capital said on Sunday it had bought a 20.56 percent stake in Dubai-based oilfield services firm National Petroleum Services for $76 million (Dh279 million), as part of an increased emphasis on the region's energy sector.

In April, a consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (Apicorp) agreed on a deal to acquire NPS; Fajr said at the time that the deal was worth over $500 million. Read more>>>

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