Mubasher: Senergy Holding Company has increased its direct and indirect ownership in two subsidiaries; Synergy Energy Services Eastern and National Oilfield Services.

Senergy has raised its direct stake in Synergy Energy Services Eastern by 3% to 94.053% from 91.053% for a value of about KWD 501,500, according to a bourse statement on Monday.

In National Oilfield Services, Senergy increased its indirect stake by 16.43% to 84.14% from 67.71% for a total value of nearly KWD 501,500.

The financial impact of this raise will reflect on the income statements as of 1 January 2018, the oil and gas services provider said. 

In addition, the financial impact will reflect on the shareholders’ equity of the mother company.