NMDC LTS has acquired a 70% stake in Emdad to enhance its portfolio and expand into oilfield services in the UAE.

Information on the Target

NMDC LTS, a wholly owned subsidiary of NMDC Group, has recently acquired a 70% equity stake in Emdad, an integrated service provider that specializes in offering comprehensive solutions for the oil and gas, utilities, and industrial sectors. This acquisition reflects NMDC’s strategic initiative to broaden its portfolio and penetrate the oilfield services market within the UAE, a region known for its robust energy sector.

Emdad has demonstrated strong financial performance, reporting revenues exceeding AED 600 million in 2024 and maintaining equity valued at AED 217 million. The company provides a diverse array of services, including well intervention, waste management, shutdown/turnaround operations, and coil tubing services, positioning it as a leader in the industry with substantial expertise and capabilities.

Industry Overview in the UAE

The UAE energy sector is characterized by its significant contribution to both the local and regional economies, leveraging abundant natural resources and advanced technological capabilities. With the MENA region experiencing robust growth in energy demand, the UAE has taken pr