CEO’s Message

As we approach the end of the year, I would like to take a moment to reflect on our collective journey that we have undertaken, and genuinely thank you and your family for your exceptional hard work and commitment. This year was marked not only by significant challenges but also by unprecedented growth, and the unwavering dedication from each member of the NESR family was crucial in overcoming these challenges and driving the step-change improvement across the entire organization. It is with great pride that I acknowledge the collective efforts that have made this year truly remarkable.

Your relentless efforts across your multi-faceted roles have propelled us to remarkable success. Together, we've conquered challenges and celebrated milestones, demonstrating the unmatched strength of our team in the face of dynamic challenges and changes. In particular, I would like to thank the finance team for their incredible efforts under the leadership of my dear friend and colleague Stefan Angeli, not only in completing the tough tasks on hand, but also in modernizing & fortifying our ERP advancement, compliance training, controls procedures, and all of the exemplary systems to ensure we are best-in-class among the peers of our industry.

As the MENA region is seeing unprecedented growth in activity with a strong outlook for 2024 and beyond, I have great confidence in the strength of our business and in being the partner of choice for our customers in the years to come. We have many exciting technologies coming to commercialization that will make a real difference in our technical leadership. In addition, our commitment to the planet and the life of people & communities around us make NESR a responsible and enjoyable place to work for all of us, especially the young generation joining our team at a time of immense innovation within the energy sector.

I extend my deepest gratitude to each and every one of you for the exceptional efforts that have contributed to our shared accomplishments. Our success stands as a testament to the strength inherent in our team and the steadfast commitment to the values that define NESR.

Looking ahead to the promise of the upcoming year, I am filled with confidence that, with this exceptional team, we will not only reach new heights but also overcome any obstacles that come our way, forging a path of shared success and growth.

As every year, I look forward to our coming webcast in January to have good time listening and answering your questions. Wishing you and your loved ones a joy-filled holiday season, and a New Year brimming with happiness and prosperity.

Sherif Foda Chairman of the Board & CEO