Page 146 - Inegrated Annual Report 2020-Eng

8.6. Statement of significant events encountered by the

Company during 2020

• In 2020, the Company’s shareholders accepted an offer to acquire 100% of the shares of National
Petroleum Construction Company (NPCC), a major international EPC contracting entity in Abu Dhabi,
in exchange for shares in the Group to be issued to the sellers. This transaction was concluded
subsequent to the year end, on 11 February 2021, and has led to the creation of one of the largest
EPC contracting entities in the Middle East.

• In order to continue building the infrastructure to support the Company’s growth, we have invested
a total of AED 305 million (2019: AED 498 million) in fixed assets during the year, most of which
relate to investments in fleet, including a new Trailing Suction Hooper Dredger and a Backhoe
Dredger that were deployed into operations during the third quarter of 2020, in addition to dry-
docking of existing fleet vessels.

• In 2020, NMDC was awarded the Khalifa Port – Etihad Rail Marine Works and Saadiyat Lagoons
enabling works projects in the U.A.E, and Al Manzalah Lake Extension and Alexandria QW-55
reclamation works projects in Egypt.

8.7. Investor Relation Officer

Mr. Khaled Al-Shalati is the Company’s Investor Relation Officer. Furthermore, the Company website
i.e. www.nmdc.com, has a dedicated page for investor relations, which includes Company’s Articles
of Association, candidates for Board of Directors, Company’s address, and Investor Relation Officer
contact information.

Contact Information of Investor Relation Officer

Email: ir@nmdc.ae

Office No.: 02 – 513 0242

Mobile No. 050-4111846

8.8. Emiratization in 2020

The Emiratization percentage in NMDC as of 31 December 2020 was 7% for white collar employees.
Refer to table below for Emiratization percentage in 2018 and 2019.

Emiratization Percentage Emiratization Percentage
2018 2019

10% 8%

146 2020 Integrated Annual Report