Arvind Sanger's questions to National Energy Services Reunited Corp (NESR) leadership • Q4 2024
Question
Arvind Sanger asked about the significant valuation gap between NESR, listed in the U.S., and its peers listed in the Middle East, and what strategies the company might employ to close this gap. He also sought clarification on the expiration status of the company's warrants.
Answer
Chairman and CEO Sherif Foda acknowledged the valuation disparity and stated that the company is actively monitoring it. He cited the lack of fungibility between U.S. and Middle Eastern exchanges as a challenge but confirmed the company is maintaining a dialogue with regional listing agencies. Foda also clarified that the company's warrants have been extended to June 2026, a detail that will be included in the upcoming 20-F filing.