Abu Dhabi, UAE – October, 2025: NMDC Energy PJSC (ADX: NMDCENR), a leading provider of engineering, procurement and construction services for offshore and onshore energy clients, has today announced the appointment of QMM as its Liquidity Provider on the Abu Dhabi Securities Exchange (ADX).
The appointment aims to enhance the liquidity and trading efficiency of NMDC Energy’s shares and further align with its commitment to strengthening investor confidence and market accessibility.
Under the agreement, QMM will provide continuous two-way quotes on NMDC Energy shares to ensure smoother trading activity, narrower bid-ask spreads, and deeper order book presence, all key factors in supporting market stability and price discovery.
Eng. Ahmed Al Dhaheri, CEO of NMDC Energy, said: “As an ADX listed company, maintaining a deep and liquid market for our shares is a strategic priority. Partnering with QMM ensures that our investors can transact efficiently and with confidence. More broadly, this step underscores NMDC Energy’s commitment to transparency, accessibility, and enhancing shareholder value as we continue our journey of growth and expansion across the global energy sector.”
Magdi Shannon, CEO of QMM, added: “We are honored to be appointed by NMDC Energy — one of the region’s most respected and dynamic energy companies. QMM’s role is to support active trading, improve liquidity conditions, and strengthen investor confidence in the company’s shares. We look forward to contributing to NMDC Energy’s presence on ADX and to helping achieve its capital markets objectives.”
About NMDC Energy (NMDCENR):
A majority-owned subsidiary of NMDC Group, NMDC Energy, brings over 50 years of experience and a solid track record of more than 1,200 projects executed. The company offers end-to-end solutions including engineering, procurement, pipe laying, project management, fabrication, installation, and commissioning.
Known for its technical expertise, structured project management, and integrated approach to innovation, NMDC Energy serves as a single point of contact for large-scale, complex projects—ensuring seamless execution and client satisfaction.
The company operates four state-of-the-art fabrication yards—three in the UAE and one in KSA—covering a total area of over 2 million square meters, supporting its vast capacity to meet the energy sector’s evolving demands.
About QMM:
Headquartered in Abu Dhabi, QMM, specializes in market making, and liquidity provision across several asset classes, and Exchanges. The company also operates as a securities lending and borrowing agent in Abu Dhabi. QMM brings together a combination of highly specialized expertise, innovative technology, and capital deployment for the benefit of all market participants. QMM is an ADX licensed Market Maker, and Securities Lending & Borrowing Agent. QMM is registered with the UAE Securities and Commodities Authority (SCA) and fully adheres to international standards of corporate governance.
