Abu Dhabi Securities Exchange welcomes listing of NMDC Energy

The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of NMDC Energy, a key subsidiary of the NMDC Group - a leader in engineering, procurement, construction, and marine dredging.

NMDC Energy, a provider of comprehensive energy solutions, joins ADX following a successful initial public offering (IPO) that attracted strong investor interest. The IPO was oversubscribed 31.3 times, underscoring strong investor confidence in the company’s growth trajectory and reinforcing ADX’s position as a preferred exchange for companies pursing strategic growth opportunities.

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: “We are pleased to welcome NMDC Energy to ADX, furthering our vision of a dynamic and diversified capital market. With its expertise in the energy sector and innovative track record, NMDC Energy strengthens our market and offers investors access to the UAE’s sustainable growth. The Dhs88 billion demand for this listing reflects investor trust in ADX and underscores our role in portfolio diversification for our investors and issuer growth. As ADX’s sixth offering this year, it reinforces Abu Dhabi’s commitment to economic diversification, positioning the financial market as a key driver of sustainable development.”

Ahmed Al Dhaheri, CEO of NMDC Energy, said: “Today marks a key milestone, not just for NMDC, but also for Abu Dhabi’s energy sector. Following a highly successful IPO, we are proud to list NMDC Energy on ADX and embark on an exciting new path forward. We are grateful to the ADX team for their invaluable support throughout the IPO process.”

NMDC Energy’s successful listing on ADX marks a milestone in the exchange’s strategy to expand its market offerings and drive sustainable economic growth in the UAE. With a strong track record in the energy sector and a commitment to innovation, NMDC Energy is a valuable addition to ADX’s diverse portfolio of listed companies.

Last month, NMDC Group, a leader in engineering, procurement, construction, and marine dredging, announced that it has received approval from the Securities and Commodities Authority and the Abu Dhabi Securities Exchange (ADX) to proceed with an Initial Public Offering (IPO) of a portion of its NMDC Energy shares.

Backed by Alpha Dhabi Holding, a fast-growing investment company in the Middle East and a subsidiary of International Holding Company (IHC), NMDC Group has a strong track record of delivering major projects with innovative and cost-effective solutions.

This IPO presents an attractive opportunity for investors to engage in NMDC Energy’s promising growth trajectory.

As a driving force behind Abu Dhabi’s development, NMDC Group plays a crucial role in advancing the UAE’s vision of a modern, progressive landscape and boosting the local economy. The Group’s extensive expertise enhances infrastructure across the region, with a strong commitment to sustainability and environmental conservation.

WAM