Article: United States: Saudi firm completes Production Enhancement restructuring.

Byline: manish03

Quest Energy Services (Canada) Ltd., a subsidiary of Al-Qahtani Marine & Oilfield Services Co. of Saudi Arabia has completed a recapitalization that gives the company majority control of Production Enhancement Group Inc.

The transaction included the acquisition of 51 million shares of Houston-based PEG, which also issued an additional 33 million shares to Quest, at 65 cents a share, giving Quest an 83 percent stake.

Omar Rashid, Quest ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!