Al Rasheed to supply NESR with silica sand for over SAR 1.1B

Core Viewpoint - Mohammed Hadi Al Rasheed and Partners Co. has signed a significant contract with National Energy Services Reunited Corp. (NESR) for the supply of high-quality silica sand, essential for non-conventional gas extraction at the Jafurah field [2][5]. Group 1: Contract Details - The value of the five-year supply agreement exceeds SAR 1.1 billion [3]. - The financial impact of the contract is expected to positively influence the company's revenues starting from Q1 2026 and continuing throughout the contract duration [4]. Group 2: Strategic Alignment - The contract aligns with the company's strategic plan and supports its targeted growth and returns [7]. - NESR has recently secured a five-year project for non-conventional gas extraction services at the Jafurah field, indicating a broader operational context for the contract [5][6]. Group 3: Additional Information - There are no related parties involved in the deal, ensuring a straightforward contractual relationship [8].