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New Deal


Announced

Completed

Industrialization and Energy Services Company completed the acquisition of Al Mansoori Petroleum Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Arab Emirates

oilfields

Friendly

Integrated Oil and Gas

Cross Border

Private

Single Bidder

petroleum

Acquisition

Majority

Completed

Synopsis

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Industrialization and Energy Services Company (TAQA), an oil and gas exploration and production company, completed the acquisition of Al Mansoori Petroleum Services (AMPS), a provider of oilfield services. Financial terms were not disclosed. "I would like to thank our shareholders for their trust in TAQA and their commitment to support this major transaction. This is a big step for TAQA in its journey to realise the ambitious goals of Saudi Arabia's Vision 2030." Eng Ahmed Al Zahrani, TAQA Chairman of the Board.

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