National Marine Dredging Co.

Ticker/ISIN

NMDC

AEN000401010

Market/Country

Abu Dhabi Stock Exchange

United Arab Emirates

Latest Stock Price

29.36 AED

2024-02-21

Year to date

-0.01 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

To carry out various aspects of marine dredging operations.

Latest Pressrelease Summaries

The General Assembly Meeting of NMDC Group PJSC was held on Thursday, 29 August 2024, from 3:00pm to 3:30pm at the company's head office in Mussafah, Abu Dhabi, with virtual participation. The meeting was chaired by H.E Mohamed Al Hammadi, Vice Chairman of the Board of Directors, and had a quorum of 90.2%, all through electronic voting. The following ordinary resolutions were approved: entering a transaction with a related party involving the purchase of commercial land plots in exchange for shares in a subsidiary, authorizing the Board of Directors or their designee to implement the resolutions, and appointing Mr. Abdulla Mohamed Ahmed Al Suwaidi as a board member to complete the term of his predecessor.

Disclosures: NMDC Group PJSC AGM Results held on 29/08/2024 at 15:00

14 days ago

NMDC Group is set to list its wholly owned subsidiary, NMDC Energy, on the Abu Dhabi Securities Exchange (ADX) following an initial public offering (IPO) of 1.15 billion shares at AED 2.8 per share. The IPO aims to raise up to AED 3.22 billion and will run from 30 August 2024 to 4 September 2024, with the listing scheduled for 11 September 2024. First Abu Dhabi Bank PJSC is the lead manager, with other banks participating in the IPO. NMDC Energy, established in 1973 and formerly known as the National Petroleum Construction Company, provides engineering, procurement, and construction services in the energy sector, primarily operating in the UAE, Saudi Arabia, Kuwait, and Taiwan. The company has completed over 1,200 projects and owns significant stakes in various engineering firms.

Disclosures: NMDC Group PJSC | NMDC Energy Subscription & Listing Prospectus

16 days ago

The Abu Dhabi Securities Exchange's Market Operations & Surveillance division has been informed that the Board of Directors of the National Marine Dredging Company PJSC will issue a resolution by circulation at 6pm on Thursday, 8 August 2024. The resolution will consider offering a portion of NMDC Energy PJSC’s shares (formerly known as National Petroleum Construction Company NPCC) for public subscription. This communication is signed by Yasser Nassr Zaghloul, Group Chief Executive Officer, and a copy has been sent to the Securities and Commodities Authority (SCA).

Disclosures: National Marine Dredging Co. By Circulation of Board Meeting to be held on 08/08/2024 at 18:00

a month ago

On 2 August 2024, the Board of Directors of the National Marine Dredging Company PJSC issued a written resolution by circulation. The resolution invites the General Assembly of the company to convene on a date to be agreed upon with the Securities and Commodities Authority (SCA) to consider a related party transaction. This consideration will occur after completing the necessary valuations by an independent valuer as required by applicable regulations. The Board has decided to defer its consideration of the formation until a later date. The company will disclose the date of the General Assembly and its agenda to the market once it is approved by the SCA.

Disclosures: National Marine Dredging Co. Board Meeting Results held on 02/08/2024 at 18:00

a month ago

The National Marine Dredging Company PJSC has released its interim condensed consolidated financial statements for the six-month period ending on June 30, 2024. These statements are unaudited.

Disclosures: National Marine Dredging Co. Financial Results for the Period Ended June 30,2024

2 months ago

The National Marine Dredging Company PJSC (NMDC) reported revenues of AED 12.1 billion and a net profit of AED 1.46 billion for the six-month period ending 30 June 2024. This reflects the group's consistent strong performance and ongoing growth, contributing to increased shareholder value. The Management Discussion and Analysis (MD&A) should be reviewed alongside the unaudited interim condensed consolidated financial statements for the same period.

Disclosures: National Marine Dredging Co. Management Discussion and Analysis Report for the Period Ended June 30,2024

2 months ago

On 26 July 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange was informed that the Securities and Commodities Authority (SCA) approved an amendment to Article 6 of the Articles of Association of the National Marine Dredging Company (PJSC). This amendment was previously approved by the company's general assembly on April 28, 2023. A copy of the SCA certificate is attached to the notification. The letter is signed by Eng. Yasser Nassr Zaghloul, Group Chief Executive Officer, and a copy has been sent to the SCA.

Disclosures: National Marine Dredging Co. Article of Association Amendment

2 months ago

The Board of Directors of the National Marine Dredging Company PJSC will hold a meeting via video conference on Wednesday, 24 July 2024, at 4 p.m. The purpose of the meeting is to consider and approve the draft financial results for the second quarter of the current financial year 2024. The notification is signed by Eng. Yasser Nassr Zaghloul, Group Chief Executive Officer, and a copy has been sent to the Securities and Commodities Authority (SCA).

Disclosures: National Marine Dredging Co. Announcement of Board Meeting to be held on 24/07/2024 at 16:00

2 months ago