The Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing exchanges, announced today the listing of NMDC Energy, a significant subsidiary of the NMDC Group, a pioneer in engineering, procurement, construction, and marine dredging.
NMDC Energy, a provider of all-inclusive energy solutions, has joined ADX after a triumphant initial public offering (IPO) that garnered significant attention from investors. The fact that the IPO was 31.3 times oversubscribed confirms the high level of investor confidence in the company’s growth trajectory and solidifies ADX’s standing as the exchange of choice for businesses pursuing strategic expansion opportunities.
“Today marks a key milestone, not just for NMDC, but also for Abu Dhabi’s energy sector,” stated Ahmed Al Dhaheri, CEO of NMDC Energy. We are pleased to list NMDC Energy on ADX after a very successful initial public offering (IPO) and to start down a fascinating new road. We are appreciative of the ADX team’s great assistance during the IPO procedure.
A significant step forward in the exchange’s plan to broaden its market offerings and promote long-term, sustainable economic growth in the United Arab Emirates is NMDC Energy’s successful listing on ADX. ADX’s varied portfolio of listed companies is enhanced by NMDC Energy, which has a notable history in the energy sector and a dedication to innovation.
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