National Drilling (NDRL)

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News

18 March 2021 10:05 AM Verto Holding acquires 90% of National Drilling Co for $21.1m

Cairo – Mubasher: Verto Holding has acquired 90% of National Drilling Co in a deal worth $21.1 million. The transaction involved the purchase of 4.5 million shares at an average price of $4.69 apiece, according to a bourse disclosure on Thursday. …

Mergers and Acquisitions

26 July 2017 03:52 PM Senergy exits stake in Egypt’s National Drilling

Mubasher: The Kuwait-listed Senergy Holding Co has completed the entire procedures required for exiting its stake in National Drilling Co, an Egyptian company providing oil and gas drilling services in Egypt. Senergy has transferred its whole …

Company News

30 May 2017 09:42 AM National Drilling narrows losses in Q1

Cairo - Mubasher: National Drilling Company reported a decline in losses for the first quarter of 2017 by 20% year-on-year, which resulted from cutting administrative expenses, according to a bourse filing. The company said in a statement to the …

Financial Results

19 February 2017 10:17 AM National Drilling shareholders nod to takeover price

Mubasher: National Drilling Co said that the shareholders approved the completion of selling their entire shares to a board member, Ahmad Rashad Muhammad, at a price of $8.335 per share. The Egyptian company said that the legal procedures required …

Board of Directors

19 February 2017 08:11 AM Senergy reduces National Drilling deal value

Mubasher: The Boursa Kuwait-listed Senergy Holding Co approved a request over purchasing its stake in National Drilling Co, which is listed on the Egyptian Exchange (EGX). The stake buyer requested a reduction of $1.1 million from the value of the …

Companies Investments

6 February 2017 10:39 AM National Drilling receives acquisition offer

Cairo – Mubasher: National Drilling Company said Monday that it has received a letter from a major shareholder concerning ongoing negotiations with the company’s shareholders to buy their shares for $8.335 per share. The total value of the offer …

Insider Trading & Treasury Stocks

4 December 2016 09:15 AM National Drilling narrows losses by 91% in Q3

Cairo – Mubasher: National Drilling said it brought down its losses by 91% to $263,600 at the third quarter of 2016. The company logged losses of $3.08 million at the same period of the preceding year. As for the first nine months of 2016, the …

Financial Results

20 September 2016 10:05 AM National Drilling posts deeper H1 losses

Cairo – Mubasher: National Drilling's financials for the first six months of 2016 revealed that its losses widened 83.43% year-over-year to $634,000 from $345,630, according to a bourse statement on Monday. The company attributed H1 financials to …

Financial Results

19 September 2016 06:53 AM Senergy inks final contracts to exit from Egypt business

Kuwait – Mubasher: Senergy Holding said Monday that it has signed the final contracts for selling a 60% stake in National Drilling Company-Egypt. The exit deal is worth KWD 3.35 million, or EGP 98.3 million ($11.1 million), according to a bourse …

Mergers and Acquisitions

6 September 2016 07:45 AM Senergy approves $11m exit from Egypt’s business

Kuwait – Mubasher: Senergy Holding said that its board agreed on the preliminary offer received to purchase the company’s 60% stake in National Drilling Company-Egypt. The exit deal is worth KWD 3.37 million or EGP 138 million ($11.1 million), …

Mergers and Acquisitions

18 August 2016 10:14 AM EGX halts trading on 5 stocks

Cairo – Mubasher: The Listing Committee of the Egyptian Exchange suspended trading on five stocks, according to a statement. This decision is to remain effective until the companies submit the financial results for the first and second quarter of …

Management Decisions

29 November 2015 09:53 AM National Dredging sustains $3.4m losses in 9M

Cairo-Mubasher: The National Dredging Co. reported net losses of $3.42 million for the first nine months of 2015, against earnings of $240,900 in the year-ago period. The company had incurred net losses of $345,630 in the six-month period of 2015. …

Financial Results

29 March 2015 09:37 AM National Drilling turns to losses with $6.8m in 2014

Cairo-Mubasher: National Drilling Co. said Sunday it logged $6.8 million in net losses in 2014, against $3.2 million in net profits a year earlier.Financial results for the first nine months of 2014 showed $241,000 in net profits, a decline of 87% …

Financial Results

17 November 2014 11:49 AM National Drilling profit slips 87% in nine months

National Drilling Co. posted a decline by 87% in net profit for the nine-month period that ended on June 30, 2014 to $241 thousand, compared with $1.9 million reported in the same period a year earlier.H1-14 net profit had amounted to …

Company News