SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Olayan International Ltd

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, P.O. BOX 71
ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
National Energy Services Reunited Corp. [ NESR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares, $0.00 par value 05/18/2018 J(1) 3,000,000 D (1) 0 I See Footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant $11.5 05/18/2018 J(1) 3,000,000 (3) (3) Ordinary Shares 1,500,000 (1) 0 I See Footnote(2)
1. Name and Address of Reporting Person*
Olayan International Ltd

(Last) (First) (Middle)
CRAIGMUIR CHAMBERS, P.O. BOX 71
ROAD TOWN

(Street)
TORTOLA D8 VG 1110

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
Olayan Investments Co Establishment

(Last) (First) (Middle)
FUNDATIONSANSTALT HEILIGKREUZ 6
9490 VADUZ

(Street)
LIECHTENSTEIN N2 00000

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
Explanation of Responses:
1. Reflects transfer of ordinary shares and warrants (together the "Units") made in connection with, and contingent on the shareholder approval of, the initial business combination of the Issuer. Each Unit was transferred in consideration for the price at which each Unit was purchased by the reporting persons at the initial public offering of the Issuer ($10 per Unit).
2. The shares were directly owned by Competrol Establishment, which is a wholly owned subsidiary of Olayan Investments Company Establishment, which is a wholly owned subsidiary of Olayan International Limited. Olayan Investments Company Establishment and Olayan International Limited were indirect beneficial owners of the reported securities. Each reporting person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such reporting person's pecuniary interests.
3. The warrants become exercisable 30 days after the completion of an initial business combination and will expire on the fifth anniversary of such completion or earlier upon redemption.
Remarks:
After giving effect to the transactions reported on this Form 4, the reporting persons beneficially own less than 10% of the outstanding shares of the Issuer.
OLAYAN INTERNATIONAL LIMITED By: /s/ Aziz D. Syriani, Title: Director 05/18/2018
OLAYAN INVESTMENTS COMPANY ESTABLISHMENT, By: /s/ Samer T. Yaghnam, Title: Authorised Signatory; By: /s/ Tawfiq Awwad, Title: Authorised Signatory 05/18/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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