Abu Dhabi – Mubasher: Alpha Dhabi Holding has acquired 82.50 million shares in National Marine Dredging Company (NMDC) from Abu Dhabi Ports Company (AD Ports) at a value of AED 1.60 billion.
Alpha Dhabi Holding will hold 9.77% of NMDC Group’s issued share capital, hiking its shareholding to 76.68%, according to a press release.
Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said: “Our strategy is rooted in identifying scalable opportunities that align with national priorities and global trends, ensuring that industrial growth is matched by environmental responsibility and the empowerment of all segments of our society.”
Mohamed Juma Al Shamsi, Managing Director and Group CEO of AD Ports, commented: “Under the wise guidance of our leadership in the UAE, AD Ports Group is focused on efficiently managing its asset portfolio, and deploying its financial strengths, to increase shareholder value, enhance the services delivered to our customers, and fulfil our primary mission of enabling trade. In the future, we will continue to actively manage our asset base to unlock and maximize value.”
NMDC Group recorded a strong financial result for the first nine months (9M) of 2025, with revenues climbing 11% year-on-year (YoY) to AED 20.54 billion and net profit rising 26% YoY to AED 2.76 billion.
