Middle East- and Asia-focused private equity firm Fajr Capital has completed its exit of United Arab Emirates-based oilfield services provider National Petroleum Services (NPS) to U.S.-listed special-purpose acquisition company National Energy Services Reunited (NESR). Fajr signed a definitive agreement with NESR in November to sell its stake in NPS. All closing conditions and regulatory approvals have since been met and granted, and the sale has closed. NPS provides drilling and well services to oil, gas and petrochemical companies in the Middle East, North Africa and East Asia. In 2014, Fajr led a consortium of MENA-based institutional investors, including Arab Petroleum Investments Corporation, to acquire NPS for US$500 million. Financial details of the exit were not disclosed.