National Marine Dredging Company

NMDC

AEN000401010

Construction & Engineering

Market Closed - Abu Dhabi Securities Exchange Other stock markets 06:55:00 2024-04-30 am EDT			5-day change	1st Jan Change
26.66 ^AED	-0.15%		+1.21%	-10.54%

Apr. 30	National Marine Dredging to Halt Trading in Abu Dhabi on May 2	MT
Mar. 11	National Marine Dredging Resumes Trading on Abu Dhabi Securities Exchange	MT

National Marine Dredging Company Receives Letter of Award from National Projects & Construction LLC for Bridge Construction and Marine Works

January 10, 2024 at 01:07 pm EST

National Marine Dredging Company announced that the company has received a letter of award from National Projects & Construction LLC (NPC) for Bridge construction and marine works, the first phase of the Tilal Al Reem project. The total value of the awards is AED 186,492,139.93.

Latest news about National Marine Dredging Company

National Marine Dredging to Halt Trading in Abu Dhabi on May 2	Apr. 30	MT
National Marine Dredging Resumes Trading on Abu Dhabi Securities Exchange	Mar. 11	MT
National Marine Dredging Company Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 15	CI
NATIONAL MARINE DREDGING- FY2023 NET PROFIT INCREASES BY 65% TO…	Feb. 12	RE
National Marine Dredging Company Proposes Cash Dividend Distribution for the Financial Year Ended 31 December 2023	Feb. 11	CI
National Marine Dredging Company Receives Letter of Award from National Projects & Construction LLC for Bridge Construction and Marine Works	Jan. 10	CI
Nmdc Group Announces Appointment of Mr. Cornelis Adriaan De Bruijn as CEO Dredging and Marine Platform	Nov. 28	CI
National Marine Dredging Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-24	CI
National Marine Dredging Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-28	CI
National Marine Dredging Company Appoints Mr. Olivier as Chief Operating Officer	23-06-20	CI
Abu Dhabi's ADNOC looks to raise up to $607 mln from IPO of logistics unit	23-05-16	RE
Abu Dhabi's ADNOC looks to raise up to $607 mln from IPO of logistics unit	23-05-16	RE
National Marine Dredging Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-04	CI
National Marine Dredging Company agreed to acquire Certain Assets of Golden Falcon Marine for approximately AED 630 million.	23-04-04	CI
National Marine Dredging Company(ADX:NMDC) added to FTSE All-World Index	23-03-20	CI
Wärtsilä Signs Maintenance Agreement with UAE Contractor NPCC	23-03-13	MT
National Marine Dredging Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-02	CI
National Marine Dredging Company(ADX:NMDC) added to S&P Global BMI Index	22-09-19	CI
National Marine Dredging Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-26	CI
Technip Energies and National Petroleum Construction Company Establish New Company to Accelerate Energy Transition	22-07-19	CI
National Marine Dredging Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-18	CI
National Petroleum Construction Company Receives a New Contract	22-04-18	CI
National Marine Dredging Company Enters into a Memorandum of Understanding with Daewoo Engineering & Construction	22-02-09	CI
National Marine Dredging Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-01-31	CI
Dredging Corporation of India Signs MoU with Abu Dhabi's National Marine Dredging Company	22-01-24	MT

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

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Ratings for National Marine Dredging Company

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

26.66 AED

Average target price

27 AED

Spread / Average Target

+1.28%

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