National Marine Dredging Co.

NMDC Group PJSC is participating in tenders worth AED 76 billion, in addition to existing contracts valued at AED 70 billion by the end of Q3 2024. During the Abu Dhabi International Petroleum Exhibition and Conference, NMDC Energy, a subsidiary, highlighted its innovations in the energy sector, which contributes 50% to the group's revenue and 60% to its total contracts. CEO Eng. Yasser Zaghloul discussed the group's flexible investment strategy, noting AED 2 billion invested in assets over the past two years, representing 33% of total assets. The group is focusing on geographical expansion, innovation, and listing subsidiaries on stock markets. NMDC Group and Vingroup have signed an MOU to explore collaboration on large-scale, environmentally sustainable projects in Vietnam, aiming to create jobs and support economic growth in coastal regions.

The NMDC Group, formerly known as the National Marine Dredging Company, has been awarded a contract by Ta’ziz for engineering, procurement, and construction (EPC) works on the Logistic Project – Port Package. The project is valued at over USD 300 million and is expected to be completed within 25 months.

NMDC Group PJSC, previously known as National Marine Dredging Company PJSC, has released its report and condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024. These statements are unaudited.