Leading the way in engineering, procurement, construction, and marine dredging, NMDC Group announced on Monday that the 1.15 billion share offering (also known as the “Offer Shares”) in its fully owned subsidiary, NMDC Energy – P.J.S.C. (“NMDC Energy”), had received 14 times as many subscriptions by day four of the period that followed the weekend. The offering is scheduled to close on Wednesday, September 4, 2024. The shares of NMDC Group, which are listed on ADX, have increased by over 9% to reach their highest point since March as of today.
Presently owned entirely by NMDC Group, NMDC Energy (previously NPCC) has a strong track record built on strong revenue growth. The company is supported by Alpha Dhabi Holding, a division of International Holding Company (IHC), and is well-positioned for future success. AED 0.5 is the nominal value of each of the five billion shares that make up NMDC Energy’s share capital of Dhs 2.5 billion. Offer Shares are priced at AED 2.8 per share for qualified investors. On Wednesday, September 11, 2024, NMDC Energy plans to list its shares on the Abu Dhabi Securities Exchange (ADX), representing a major turning point in the company’s expansion.
Also Read:
Transforming Skincare With A Visionary Approach At ISSADA Cosmetics: Deb Farnworth-Wood
The Future Of High-Speed Internet With VSL Networks LLP: Tarik Al Mamun Chowdhury
