SELLING SHARES
NMDC Energy aims to raise $875 million in UAE’s top IPO of 2024
The public offering exceeds the $515 million that Alef Education raised on the ADX in June and will give NMDC Energy a market value of $3.8 billion
A view of buildings in Abu Dhabi (Getty Images)
Add The Circuit on GoogleNMDC Energy’s IPO is shaping up to be the UAE’s biggest this year.The Abu Dhabi subsidiary of NMDC Group, which provides construction and dredging services to the oil and gas industry, aims to raise $875 million when the subscription...