Press releases, Reports & Disclosures for National Marine Dredging Co.

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.

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.

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.

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.

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).

The NMDC Group has announced that its subsidiary, NMDC Energy (formerly known as National Petroleum Construction Company), has been awarded a new project by ADNOC Gas. The project, named Estidama Project Package-6 Pipeline, involves engineering, procurement, and construction (EPC) of a pipeline and its associated facilities. The total value of the project is USD 254,564,031.