NMDC Energy PJSC to Go Public on Abu Dhabi Securities Exchange

The NMDC Group PJSC board approved listing NMDC Energy PJSC on the ADX and plans to sell part of its shares through a public subscription. This decision awaits approval from relevant authorities.

The Board of Directors of NMDC Group PJSC has approved the listing of NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and intends to sell a portion of the Group's shares through public subscription. This announcement was made following a virtual board meeting held via video conference, as disclosed by ADX on Friday.

This decision is contingent on obtaining approvals from the Securities and Commodities Authority and the Abu Dhabi Securities Exchange. The company will release details of the public subscription after receiving the necessary clearances.

NMDC Energy, formerly known as the National Petroleum Construction Company, is reputed for leveraging innovation to meet the evolving demands of the energy sector.

(With inputs from agencies.)