StocksMedium•5 November 2026•
1 min read
NESR Secures AED 2.74 Billion Credit Facility to Refinance Existing Debt
Key Facts
1NESR entered into a new secured facilities agreement worth approximately AED 2.74 billion to refinance its existing debt.
2The package includes AED 1.09 billion in term loans and AED 1.63 billion in uncommitted working capital lines.
3HSBC Bank Middle East acted as sole global coordinator, with Saudi Awwal Bank and First Abu Dhabi Bank as senior mandated lead arrangers.
National Energy Services Reunited Corp (NESR) entered into a new secured facilities agreement worth approximately AED 2.74 billion to refinance its existing debt. Oil & Gas Middle East reported that the package includes AED 1.09 billion in term loans and AED 1.63 billion in uncommitted working capital lines.
HSBC Bank Middle East acted as the sole global coordinator for the transaction, with Saudi Awwal Bank and First Abu Dhabi Bank serving as senior mandated lead arrangers. Regarding related equity performance, Saudi Awwal Bank (1060.SR) closed at 31.96 SAR on November 4, 2026.