NMDC Group Unveils Plans for NMDC Energy IPO on Abu Dhabi Securities Exchange
NMDC Energy IPO: NMDC Energy was founded in 1973 and offers a wide range of services, such as planning, procurement, and construction for oil and gas operations both onshore and offshore.
NMDC Energy IPO: NMDC Group’s board of directors has approved to launch of its first IPO and subsequent listing of shares of NMDC Energy on the Abu Dhabi Securities Market.
This development was decided during a meeting on Friday. However, permission from the Securities and Commodities Authority and the Abu Dhabi Securities Exchange is still required to launch its first IPO.
NMDC Energy was founded in 1973 and offers a wide range of services, such as planning, procurement, and construction for oil and gas operations both onshore and offshore.
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The company is a marine and energy company situated in the UAE and has four main companies such as NMDC Dredging & Marine, NMDC Energy, NMDC Construction (formerly Emirates Europe Plant), and NMDC Engineering.
In August, the company stated that it would change its name from the National Marine Dredging Company to NMDC Group. All the legal steps for this change began in October 2023.
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