Business

NMDC adopts new brand name

NMDC Group, formerly National Marine Dredging Company, has officially adopted its new brand name.

The change comes upon receiving the commercial license, and the completion of all the necessary legal procedures for the rebranding process, which began in October 2023.

This change further confirms the Group’s commitment to a future based on clean energy, as reflected in the renaming of its subsidiary from ‘NPCC’ to ‘NMDC Energy’, in line with the "UAE Centennial 2071" vision.

Mohamed Alrumaithi, Chairman of NMDC Group's Board of Directors, stated: "The new name demonstrates our readiness for global growth and competition in line with our strategies and future financial goals, creating sustainable opportunities for our partners and shareholders and enhancing our financial performance and market value both locally and globally."

Yasser Zaghloul, CEO of NMDC Group, commented: "This reflects on our performance in local and global markets and aspirations for the future, ensuring high competitiveness in all mega projects executed and developed by the Group."