{"id":80699,"date":"2024-08-29T00:00:00","date_gmt":"2024-08-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/"},"modified":"2024-08-29T00:00:00","modified_gmt":"2024-08-29T00:00:00","slug":"nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/","title":{"rendered":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO"},"content":{"rendered":"

NMDC to kick off NMDC Energy\u2019s IPO subscription process tomorrow: <\/strong>The National Marine Dredging Company (NMDC) will list 23% of its shares in its engineering, procurement and construction unit, NMDC Energy<\/a>, after receiving approval from the Securities and Commodities Authority and the ADX, according to a regulatory filing (pdf)<\/a>. The value of the shares on offer is AED 3.22 bn, with the share price set at AED 2.8, the company said. NMDC\u2019s board approved the IPO<\/a> in its meeting earlier this week. <\/p>\n

The timeline: <\/strong>The subscription period will begin tomorrow and wrap on 4 September, with the shares expected to be listed on the ADX on 11 September.<\/span><\/p>\n

The breakdown: <\/strong>Retail investors are allocated 2.17% of the shares, while institutional investors are allocated 85.43%. The remaining 12.39% will be allocated to a cornerstone investor, Al Ataa Investment, subject to the general assembly\u2019s approval. This will be in exchange for certain plots of land allocated for commercial investment from a special purpose vehicle dubbed HMR Investment.<\/p>\n

Background:<\/strong> NMDC has several projects in the pipeline across the GCC, with a backlog of AED 54 bn of projects, according to the statement. This includes a USD 254.6 mn contract with Adnoc to establish a new gas pipeline<\/a> and its associated facilities. The company will also establish a USD 100 mn fabrication manufacturing<\/a> facility in Abu Dhabi\u2019s Khalifa Economic Zone (Kezad).<\/p>\n

ADVISORS- <\/strong>First Abu Dhabi Bank is the lead receiving bank and lead manager on the IPO, with Abu Dhabi Commercial Bank, WIO Bank, and Al Maryah Community Bank also acting as receiving banks. The lead placement agent will be International Securities, while Hadef & Partners will act as legal counsel and Ernst & Young will be the auditors. <\/p>\n","protected":false},"excerpt":{"rendered":"

NMDC plans to funnel the capital funding towards a backlog of AED 54 bn of projects<\/p>\n","protected":false},"author":1,"featured_media":80700,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[229],"tags":[311,228],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-adx","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"1e684e93-780e-4d4f-b107-db42d51cb8f5","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/851.jpg","photo_position":"above","homepage_title":"","full_issue_title":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO","related_issue":[80694],"teaser":"NMDC plans to funnel the capital funding towards a backlog of AED 54 bn of projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.a83c5b23-8355-473a-9dd7-9a5330eeb302.mp3"},"yoast_head":"\nNMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO\" \/>\n<meta property=\"og:description\" content=\"NMDC plans to funnel the capital funding towards a backlog of AED 54 bn of projects\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO\",\"datePublished\":\"2024-08-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADX\",\"IPO WATCH\"],\"articleSection\":[\"IPO Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\",\"name\":\"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/","og_locale":"en_US","og_type":"article","og_title":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO","og_description":"NMDC plans to funnel the capital funding towards a backlog of AED 54 bn of projects","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/","og_site_name":"Logistics","article_published_time":"2024-08-29T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO","datePublished":"2024-08-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/"},"wordCount":291,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","keywords":["ADX","IPO WATCH"],"articleSection":["IPO Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/","name":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","datePublished":"2024-08-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/29\/nmdc-to-list-23-of-epc-unit-on-the-adx-in-aed-3-22-bn-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/80699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=80699"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/80699\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/80694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/80700"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=80699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=80699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=80699"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=80699"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=80699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}