National Marine Dredging Company

NMDC

AEN000401010

Construction & Engineering

Delayed Abu Dhabi Securities Exchange Other stock markets 12:37:52 16/07/2024 pm IST			5-day change	1st Jan Change
27.48 ^AED	+0.07%		+3.93%	-7.79%

15/07	NMDC Energy Secures $255 Million EPC Contract for UAE's Estidama Project	MT
05/07	NMDC Group Bags AED130 Million Contract for Abu Dhabi Mangrove Channel Widening Project	MT

National Marine Dredging Company Receives A Letter of Award from Jubail Island Investment Company

July 04, 2024

National Marine Dredging Company informed that NMDC has received a letter of award from Jubail Island Investment Company for the Abu Dhabi Mangrove Channel Widening Works (Area 2 and 3) project. The value of the contract is AED 129,640,690 and the project is expected to be completed scheduled to complete in 180 days.

Latest news about National Marine Dredging Company

NMDC Energy Secures $255 Million EPC Contract for UAE's Estidama Project	15/07	MT
NMDC Group Bags AED130 Million Contract for Abu Dhabi Mangrove Channel Widening Project	05/07	MT
National Marine Dredging Company Receives A Letter of Award from Jubail Island Investment Company	04/07	CI
NMDC Energy Secures EPC Contract for UAE LNG Project	13/06	MT
ADNOC awards $5.5 bln of contracts for Ruwais LNG plant	12/06	RE
National Marine Dredging Posts Surge in Q1 Attributable Profit, Revenue	08/05	MT
National Marine Dredging Company Reports Earnings Results for the First Quarter Ended March 31, 2024	08/05	CI
National Marine Dredging to Halt Trading in Abu Dhabi on May 2	30/04	MT
National Marine Dredging Resumes Trading on Abu Dhabi Securities Exchange	11/03	MT
National Marine Dredging Company Reports Earnings Results for the Full Year Ended December 31, 2023	15/02	CI
NATIONAL MARINE DREDGING- FY2023 NET PROFIT INCREASES BY 65% TO…	13/02	RE
National Marine Dredging Company Proposes Cash Dividend Distribution for the Financial Year Ended 31 December 2023	12/02	CI
National Marine Dredging Company Receives Letter of Award from National Projects & Construction LLC for Bridge Construction and Marine Works	10/01	CI
Nmdc Group Announces Appointment of Mr. Cornelis Adriaan De Bruijn as CEO Dredging and Marine Platform	28/11	CI
National Marine Dredging Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	24/23/24	CI
National Marine Dredging Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	28/23/28	CI
National Marine Dredging Company Appoints Mr. Olivier as Chief Operating Officer	20/23/20	CI
Abu Dhabi's ADNOC looks to raise up to $607 mln from IPO of logistics unit	16/23/16	RE
Abu Dhabi's ADNOC looks to raise up to $607 mln from IPO of logistics unit	16/23/16	RE
National Marine Dredging Company Reports Earnings Results for the First Quarter Ended March 31, 2023	04/23/04	CI
National Marine Dredging Company agreed to acquire Certain Assets of Golden Falcon Marine for approximately AED 630 million.	05/23/05	CI
National Marine Dredging Company(ADX:NMDC) added to FTSE All-World Index	20/23/20	CI
Wärtsilä Signs Maintenance Agreement with UAE Contractor NPCC	13/23/13	MT
National Marine Dredging Company Reports Earnings Results for the Full Year Ended December 31, 2022	02/23/02	CI
National Marine Dredging Company(ADX:NMDC) added to S&P Global BMI Index	19/22/19	CI

Chart National Marine Dredging Company

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Company Profile

National Marine Dredging PSC (NMDC) is a United Arab Emirates-based public shareholding company primarily engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates, under the directives of the Government of Abu Dhabi. The Companyâs activities are structured into two divisions: the Dredging and Reclamation division includes dredging and reclamation work, survey work, design of construction environment management plan, monitoring for compliance and submission of progress reports, and the Civil Works division covers rock revetment for shore protection, armor unit installations, quay wall installations, jetty installation, soil improvement, geotechnical investigations and recommendations, and numerical modeling and infrastructure installations. The Companyâs projects include, among others, Mangroves, Suwa Island, Al Bahr Palace Channel, Sir Baniyas Island, Mussafah Channel Project and Zukum Project.

Sector

Construction & Engineering

Calendar

25/07/2024 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

27.46 AED

Average target price

27 AED

Spread / Average Target

-1.68%

Consensus

Annual profits - Rate of surprise

Company calendar

Sector Other Construction & Engineering

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