National Marine traded at 27.08 this Friday October 2nd, decreasing 0.04 or 0.15 percent since the previous trading session. Looking back, over the last four weeks, National Marine lost 12.74 percent. Over the last 12 months, its price rose by 21.44 percent. Looking ahead, we forecast National Marine to be priced at 26.61 by the end of this quarter and at 25.14 in one year, according to Trading Economics global macro models projections and analysts expectations.
National Marine Dredging PSC (NMDC) is a United Arab Emirates-based public shareholding company primarily engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates, under the directives of the Government of Abu Dhabi. The Company’s activities are structured into two divisions: the Dredging and Reclamation division includes dredging and reclamation work, survey work, design of construction environment management plan, monitoring for compliance and submission of progress reports, and the Civil Works division covers rock revetment for shore protection, armor unit installations, quay wall installations, jetty installation, soil improvement, geotechnical investigations and recommendations, and numerical modeling and infrastructure installations. The Company’s projects include, among others, Mangroves, Suwa Island, Al Bahr Palace Channel, Sir Baniyas Island, Mussafah Channel Project and Zukum Project.