Swiss National Bank Acquires 300 Shares of Nabors Industries Ltd. (NYSE:NBR)

The Swiss National Bank (SNB) has recently acquired 300 shares of Nabors Industries Ltd. (NAB), a leading provider of oil and gas equipment and services worldwide. The acquisition was made through SNB's foreign exchange reserves, which are invested in various assets to support the country's economy and currency stability.

NAB is headquartered in Houston, Texas, and operates in over 100 countries with a diverse range of products and services, including drilling and completion equipment, production equipment, and software solutions. The company has been in business for over 85 years and is considered one of the largest players in the oil and gas industry.

SNB's acquisition of NAB shares represents a strategic investment in a stable and profitable company with strong growth prospects. The SNB's foreign exchange reserves are invested in a diversified portfolio of assets, including equities, bonds, and real estate, to support the country's economy and maintain its currency stability.

The acquisition is subject to regulatory approval and other customary closing conditions. SNB has not disclosed any further details about the transaction or its reasons for investing in NAB shares.