NMDC Dredging & Marine was established in 1976 as a dredging division of Abu Dhabi National Oil Company (ADNOC). An “emiri” decision was taken to form an autonomous dredging company reporting to its own Board of Directors. NMDC Dredging & Marine was thus founded and commenced trading in 1979. We are a National Company in Abu Dhabi the capital of U.A.E, registered as a public company trading in the Abu Dhabi stock exchange, with a registered paid up capital value of AED 250,000,000 (U.A.E Dirhams Two Hundred Fifty Million Only). The Government of Abu Dhabi owns 32% of the company, Abu Dhabi United Group for Development and Investment owns 20%, Al Khazna Insurance Co. owns 7.11%, and the public shareholding is 40.89%. (Public shareholders consist of U.A.E citizens and foreigners; with maximum threshold of 5% reserved for foreigners).