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⚠️ NMDC GROUP ANNOUNCES IPO IN UAE OF 1.15 BILLION SHARES IN ITS WHOLLY OWNED SUBSIDIARY, NMDC ENERGY –STATEMENT **NMDC GROUP'S IPO IN NMDC ENERGY WILL BE AT AED 2.8 PER OFFER SHARE – STATEMENT **NMDC GROUP INTENDS TO LIST NMDC ENERGY ON ABU DHABI SECURITIES EXCHANGE ON…
UAE Oil Services Provider Plans Country’s Biggest IPO This Year - Bloomberg NMDC Group to sell shares in energy unit in $877 million IPO Regulator approves offering of 1.15 billion NMDC Energy shares
#UAE Oil Services Provider Plans Country’s Biggest IPO This Year NMDC Group to sell shares in energy unit in $877 million IPO Regulator approves offering of 1.15 billion NMDC Energy shares #oott https://t.co/dwPq4VUzQU
UAE investment firms have announced the launch of a $500 million fund aimed at developing digital energy infrastructure. This initiative is part of a broader trend towards investment in digital economies, particularly in the context of Web3 and artificial intelligence. In a related development, NMDC Group, a key player in the UAE's energy sector, is preparing for what is expected to be the country's largest initial public offering (IPO) this year. The IPO, valued at $877 million, will involve the sale of 1.15 billion shares of NMDC Energy, a wholly owned subsidiary of NMDC Group. The shares are set to be offered at AED 2.8 each and will be listed on the Abu Dhabi Securities Exchange, following regulatory approval.