NMDC Group PJSC (NMDC)

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News

4 June 2025 01:25 PM NMDC strengthens regional presence in MENA’s energy sector via stake acquisition deal

Abu Dhabi – Mubasher: NMDC LTS, a wholly owned subsidiary of National Marine Dredging Company (NMDC), acquired a 70% stake of the share capital and voting rights in Emdad, according to a press release This move aligns with NMDC’s strategy to drive …

Companies Investments

12 February 2025 07:28 PM NMDC posts 44% higher profits in 2024; dividends recommended

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) recorded net profits after tax valued at AED 3.10 billion in 2024, an annual leap of 44% from AED 2.15 billion. Revenue from contracts with customers amounted to AED 26.26 billion in …

Financial Results

2 February 2025 00:50 PM NMDC Energy delivers 80% higher net profits in 2024 due to global expansion

Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), registered AED 1.40 billion in net profit during the 12-month period that ended on 31 December 2024. The annual earnings were higher by 80% than AED 780.42 …

Financial Results

14 January 2025 11:42 AM NMDC Energy expands regional presence via AED 200m facility in Saudi Arabia

Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has inaugurated its fabrication yard in the Ras Al Khair Special Economic Zone in Saudi Arabia, with an investment value of AED 200 million. This launch …

Global Economy

12 January 2025 02:42 PM NMDC Group awarded $1.1bn project deal by Taipower

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) won an engineering, procurement, and construction (EPC) contract by Taiwan Power Company (Taipower) for a $1.13 billion project. The project contract includes pipeline installation, …

Companies Investments

5 December 2024 10:35 AM NMDC’s unit eyes 70% equity in Emdad

Abu Dhabi – Mubasher: NMDC LTS, wholly owned by National Marine Dredging Company (NMDC), inked a definitive agreement to acquire a 70% stake of the share capital and voting rights of Emdad LLC from its current shareholders. The acquisition will …

Companies Investments

1 December 2024 01:06 PM NMDC announces AED 168m project award

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has been awarded a project contract valued at AED 168.55 million from Ramhan Development L.L.C. The deal covers the excavation and backfilling works of Ramhan Island for phases one to …

Companies Investments

28 October 2024 00:01 PM NMDC logs AED 2.1bn profits in 9M-24 financial results

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) posted a 68% year-on-year (YOY) growth in revenues and a 45% YoY surge in net profits during the first nine months (9M) of 2024. The strong performance was driven by a healthy project …

Financial Results

24 October 2024 02:45 PM NMDC Energy’s profits skyrocket 145% in 9M-24

Abu Dhabi – Mubasher: NMDC Energy, a majority-owned subsidiary of NMDC Group, has delivered a 145% year-on-year (YoY) leap in net profit during the three-month that ended on 30 September 2024. NMDC Energy logged net profits valued at AED 164 …

Financial Results

9 October 2024 09:18 AM NMDC awards AED 5bn project contract

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has received a letter of award at a  total value of AED 5.05 billion. The project award covers the marine dredging, reclamation and ground improvement works for Modon Company in Abu …

Companies Investments

8 September 2024 10:47 AM NMDC Energy’s IPO attracts gross demand of AED 88bn

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has closed the initial public offering (IPO) of NMDC Energy, which was oversubscribed by 31.3 excluding cornerstone. The offering attracted investor interest, generating a total gross …

Initial Public Offerings

29 August 2024 01:31 PM NMDC Energy obtains regulatory nod for IPO on ADX

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has received approval from the Securities and Commodities Authority (SCA) and the Abu Dhabi Securities Exchange (ADX) to proceed with an Initial Public Offering (IPO) of a portion of …

Companies Investments

25 August 2024 11:43 AM NMDC, ADNCO announce 1st clean energy project in MEA

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) secured a contract worth more than $200 million from the Abu Dhabi National Oil Company (ADNOC), according to a press release. The deal covers the crucial marine dredging works in the …

Global Economy

25 July 2024 09:29 AM NMDC sees 66% higher net profits in H1-24

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) posted net profits valued at AED 1.46 billion in the first half (H1) of 2024, higher by 66% year-on-year (YoY) than AED 881.16 million. Revenue from contracts with customers hiked by …

Financial Results

15 July 2024 01:19 PM ADNOC Gas awards $550m contracts to expand UAE gas infrastructure

Abu Dhabi – Mubasher: ADNOC Gas has awarded two contracts worth $550 million to expand the UAE's natural gas pipeline network through the ESTIDAMA project.   The engineering, procurement, and construction (EPC) deals were granted to NMDC Energy, a …

Companies Investments

7 July 2024 10:20 AM NMDC rolls out project contract exceeding AED 129.5m in value

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has received a letter of award from Jubail Island Investment Company at a value of AED 129.64 million. The project covers the widening works for area 2 and 3 in the Abu Dhabi Mangrove …

Companies Investments

13 June 2024 00:39 PM ADNOC awards NMDC Energy, int’l partners contract for $5.5bn LNG project

Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has won a contract by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project. ADNOC awarded the contract to …

Companies Investments

4 June 2024 00:01 PM KEZAD Group signs 50-year lease for AED 367m factory in Abu Dhabi

UAE – Mubasher: Khalifa Economic Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, has signed a 50-year lease agreement with NMDC Energy, a subsidiary of the National Marine Dredging Company (NMDC), to construct a factory in Abu …

Companies Investments

8 May 2024 04:33 PM NMDC posts AED 641m consolidated profit in Q1-24

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) logged a consolidated net profit of AED 641.06 million in the first quarter (Q1) of 2024, a surge from AED 303.32 million in the same period a year earlier. Revenues from contracts with …

Financial Results

2 May 2024 09:10 AM NMDC’s subsidiary awarded $653m project contract

Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), was awarded a project contract valued at $653.17 million. The ADX-listed company highlighted that the engineering and …

Companies Investments

13 February 2024 03:34 PM NMDC’s profits to owners leap to AED 2.1bn in 2023

Abu Dhabi – Mubasher: The net profits attributable to the shareholders of National Marine Dredging Company (NMDC) hit AED 2.15 billion in 2023, higher than AED 1.30 billion a year earlier. The revenues from contracts with customers climbed to AED …

Financial Results

11 January 2024 10:47 AM NMDC unveils AED 186.5m project contract

Abu Dhabi – Mubasher: The National Marine Dredging Company (NMDC) has received a letter award from National Projects and Construction LLC (NPC), according to a bourse statement. The deal covers the first phase of the Tilal Al Reem project, which …

Companies Investments

15 November 2023 11:59 AM UAE’s NMDC joins forces with Saudi Aramco for $520m project

Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC) was awarded a $520 million project contract from Saudi Arabian Oil Company (Aramco). The agreement aligns with the Saudi …

Companies Investments

22 October 2023 01:28 PM NMDC logs higher profits in 9M-23; revenues cross AED 11bn

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) achieved net profits attributable to the owners standing at AED 1.51 billion in the first nine months (9M) of 2023, an annual leap from AED 703.05 million. Revenues from contracts with …

Financial Results

8 October 2023 09:53 AM NMDC teams up with ADNOC for AED 30bn project

Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a fully-owned subsidiary of National Marine Dredging Company (NMDC), inked a contract with ADNOC for the Hail and Ghasha Offshore Development project. The project scope …

Companies Investments