Hadef & Partners advised NMDC GROUP on the floating of NMDC Energy
Hadef & Partners advised NMDC Group (formerly known as National Marine Dredging Company PJSC) on the floating of NMDC Energy, the wholly owned subsidiary and energy arm of the NMDC Group. The initial public offering (IPO) of NMDC Energy is a sale by NMDC Group of a certain percentage of the NMDC Group shares in NMDC Energy with a view to listing NMDC Energy on the Abu Dhabi Securities Exchange (ADX).
Hadef & Partners team
The Hadef & Partners team in Abu Dhabi was led by the Abu Dhabi executive partner and head of corporate, Yasser Omar. Core team included, partner Mahmoud ElGharbawy, senior counsel Marwan Ashraf Abdel Hamid, senior associate Laryssa Perkins, senior associate Mahmoud Hegazy and trainee advocate Amna Y. Al Hammadi.
About the IPO
The IPO has been announced today by NMDC Group as the selling shareholder. The subscription for the initial public offering will start on Friday 30 August 2024 and close on Tuesday 4 September 2024 with a target listing of 11 September 2024 on ADX. The offering is expected to raise over AED 3.22 billion.
