Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has received a letter of award at a total value of AED 5.05 billion.
The project award covers the marine dredging, reclamation and ground improvement works for Modon Company in Abu Dhabi, according to a bourse disclosure.
In the first half (H1) of 2024, the net profits of NMDC increased by 66% to AED 1.46 billion from AED 881.16 million in H1-23.
Last month, the group closed the initial public offering (IPO) of NMDC Energy, which listed 23% of its total share capital on the Abu Dhabi Securities Exchange (ADX).
