NMDC Completes 70% Acquisition of Emdad, Bolstering MENA Energy Services
Deal News | Jun 04, 2025 | Zawya
The NMDC Group, via its subsidiary NMDC LTS, has successfully acquired a 70% equity stake in Emdad, an integrated service provider specialising in oil and gas, utilities, and industrial sectors. This strategic acquisition, aiming to expand NMDC's OPEX segment and diversify its portfolio, will drive revenue growth by providing a broader range of oilfield services. This transaction, financed through debt and equity, marks a significant expansion in NMDC's operations within the MENA region's energy sector. Emdad's services, such as well intervention and waste management, are expected to enhance NMDC's competitive advantage. The acquisition reflects NMDC's strategy to capitalize on market opportunities and strengthen its regional presence. The collaboration is poised to unlock value and support sustainable growth for both NMDC and Emdad.
Sectors
- Energy Sector
- Corporate Finance
Geography
- United Arab Emirates – The acquisition involves companies located in the UAE, particularly capitalizing on the energy sector within the region.
- MENA Region – The article mentions the favorable market outlook in the MENA region’s energy sector, indicating geographical relevance.
Industry
- Energy Sector – The article is centered around an acquisition in the energy sector, particularly involving oilfield services and utilities.
- Corporate Finance – The acquisition transaction was financed through debt and equity, making corporate finance a central element of the deal.
Financials
- 70% – The equity stake acquired by NMDC Group in Emdad.
- AED 600 million – Reported revenues of Emdad for 2024.
- AED 217 million – Equity standing of Emdad.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NMDC Group | Bidding Company | Company | A diversified group expanding its services in the energy sector through strategic acquisitions. |
| NMDC LTS | Subsidiary involved in purchasing | Company | The wholly owned subsidiary of NMDC Group that conducted the acquisition of Emdad. |
| Emdad | Target Company | Company | An integrated service provider specializing in the oil and gas, utilities, and industrial sectors. |
| Eng. Yasser Zaghloul | CEO, Commentator | Person | CEO of NMDC Group, providing strategic direction and comments on the acquisition. |
| Mohammed Juma Al Bawardi | CEO, Commentator | Person | CEO of Emdad, articulating the strategic significance of the acquisition. |