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Saudi Arabian contracting firm Nesma & Partners has signed an agreement to acquire Dubai-based privately-owned energy services firm Kent, the two companies said in a statement on Tuesday. Nesma & Partners, which is part owned by Saudi Arabia's wealth Fund, will become the sole owner of Kent in a deal that is expected to be completed by the end of the year. The transaction is subject to regulatory approvals and closing conditions. The companies did not disclose the value of the transaction.

Ar riyaSaudi arabiaUnited kingdomCity ofDominic johnsonKemi badenochTom wintleAsharq al awsatManahi al marzouqiGulf cooperation council free trade agreementUnited kingdom chief negotiatorChief negotiatorKingdom governmentTrade secretary kemi badenochInvestment lord dominic johnson