The National Dredging Company achieved a profit of 204 million dirhams in the second quarter of this year, compared to losses of about 99 million dirhams in the same period last year.
According to Arabiya Net, the shift to profitability comes after the completion of the reverse merger between the dredgers and the National Petroleum Construction Company / last February, in which the ADQ Holding Company has acquired about 70 %, of bulldozer shares.
Last May, ADQ transferred 44% of the bulldozer shares to companies in Alpha Group Holdings, a subsidiary of ADQ that was recently listed on the Abu Dhabi market.
An interview with Hussam Al Husseini, a member of the American Society of Technical Analysts, to talk about the UAE markets.
