The National Marine Dredging Company was established in 1976 as a sector of Abu Dhabi National Petroleum Company. It was then established as a shareholding independent company according to the Emiri Law No.10 of the year 1979. The company is primarily engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates and Qatar, under the directives of the Government of Abu Dhabi. The company`s fleet consists of an array of Cutter Suction Dredgers (CSD); ranging in capacity from the small Beaver dredger Jananah (1,795 KW) to thehir most powerful automated dredger the Al Sadr (20,725 KW). Among the company`s projects is Sir Baniyas Island, Mangroves, Al Bahr Palace Channel,Suwa Island, Mussafah Canal Project and Zakum Project.
Basic Information
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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32%
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11.14%
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8.86%
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7.115%
Subsidiaries
ADEC Engineering Consultancy L.L.C.
100%
Abu Dhabi Marine Dredging Co S.P.C. (Bahrain)
100%
Emarat Europe Fast Building Technology System Factory L.L.C. (Emarat Europe)
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net sales revenue
56.63%▲
Total operating revenue
55.85%▲
Operating profit (EBIT)
76.56%▲
Net Profit (Loss) for the Period
22.67%▲
Operating Profit Margin (ROS)
0.67%▲
Net Profit Margin
-1.47%▼
Return on Equity (ROE)
0.6%▲
Debt to Equity Ratio
9.88%▲