National Energy Services Reunited Corp. Holds a Groundbreaking Ceremony for NESR’s Oilfield Research and Innovation Center (NORI) in Dhahran Techno Valley in Saudi Arabia - Seite 2

Sherif Foda, NESR CEO and Chairman of the Board, commented, "We are very excited about the progress of NORI, which will allow NESR to develop fit-for-purpose techniques and technologies for Saudi Arabia and the whole region. We plan to bring our technical partners from North America and the rest of the world to NORI, which will allow them to customize and develop technologies in Saudi Arabia for the local industry. This will also be a great opportunity to provide employment opportunities for Saudi engineers and researchers and an important vehicle for partnership between Saudi Aramco and Saudi academic and industrial sectors. I would like to take this opportunity to thank Dr. Al-Saggaf and Dr. Al-Qahtani and the management of Saudi Aramco, KFUPM and DTVC for their continued support.”

About National Energy Services Reunited Corp.

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 4,000 employees, representing more than 40 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Fluids and Rig Services.

About Dhahran Techno Valley Holding Company

The Dhahran Techno Valley Holding Company (DTVC) – a wholly owned subsidiary of the King Fahd University of Petroleum and Minerals (KFUPM) – is a key driver of the Dhahran Techno Valley Ecosystem, which was created to promote a knowledge-based economy in Dhahran and in the Eastern Province of Saudi Arabia. This ecosystem includes KFUPM, national champions such as Saudi Aramco, SABIC and SEC, technology partners and small to medium size enterprises. DTVC is composed of a holding structure that includes a holding company (Dhahran Techno Valley Holding Company) and five subsidiaries and branches (Dhahran Valley Technology Development Company, Dhahran Valley Knowledge Company, Business Park Complex Company, Dhahran Valley Business Services Company and University Schools Company).