Page 90 - ALEF EDUCATION PR REPORT SEPTEMBER 2024

9/6/24, 4:41 PM NMDC Energy's IPO oversubscribed 31 times in lead-up to UAE's biggest listing of 2024 | The National
It is also open to taking up more projects globally if they fit with the company’s strategy

as it banks on its "great infrastructure" to help it gear up for more expansion not limited to

any market in the world.

“The immense investor interest in our IPO clearly demonstrates that the market
understands the value and potential of NMDC Energy. Additionally, this IPO consolidates

the UAE’s position as leader in supplying the world’s energy needs," said Ahmed Al

Dhaheri, chief executive of NMDC Energy.

The company will use the ADX listing to build organic and inorganic growth, expand its

geographical reach, "as well as creating synergies that drive transformation and innovation

across the business”, he added.

First Abu Dhabi Bank acted as the lead receiving bank and lead manager for NMDC

Energy's IPO, while Abu Dhabi Commercial Bank, Wio Bank and Al Maryah Community

Bank were the receiving banks.

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