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

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).

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.