National Energy Services Reunited (NESR) director Razouqi Maen submits initial Form 3
Rhea-AI Filing Summary
National Energy Services Reunited Corp. filed an initial statement of beneficial ownership for director Razouqi Maen on Form 3. The filing identifies Maen as a director and includes a referenced Power of Attorney, but does not report any specific equity transactions or derivative positions.
Positive
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Negative
- None.
Key Terms
Form 3, beneficial ownership, Power of Attorney
3 terms
Form 3 regulatory
"filed an initial statement of beneficial ownership for director on Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"filed an initial statement of beneficial ownership for director Razouqi Maen"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Power of Attorney legal
"remarks reference Exhibit 24.1 - Power of Attorney related to reporting"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the NESR Form 3 filing for Razouqi Maen report?
The Form 3 filing reports that Razouqi Maen is a director of National Energy Services Reunited Corp. and includes an exhibit labeled Power of Attorney, without disclosing any specific equity transactions or derivative positions.
Does the NESR Form 3 for Razouqi Maen show any stock transactions?
No, the Form 3 for Razouqi Maen reports no transactions. The transaction summary shows 0 buy and 0 sell entries and indicates no derivative transactions or holdings in this initial statement.
What role does Razouqi Maen hold at National Energy Services Reunited Corp. (NESR)?
The filing states that Razouqi Maen is a director of National Energy Services Reunited Corp. He is not reported as an officer and is not identified as a 10% owner in this Form 3.
Is there a Rule 10b5-1 trading plan noted in the NESR Form 3 for Razouqi Maen?
No Rule 10b5-1 trading plan is indicated. The Form 3 data show the Rule 10b5-1 plan field as null, and the filing reports no transactions that would otherwise be associated with such a plan.
What is the significance of the Power of Attorney mentioned in the NESR Form 3?
The remarks reference Exhibit 24.1 – Power of Attorney, indicating an authorization related to SEC reporting. This allows authorized persons to sign and submit ownership reports on behalf of Razouqi Maen as specified in that document.