News

European Bank

20 October 2016

The European Bank for Reconstruction and Development (EBRD) approved a medium -term loan up to $50 million following a syndicated loan granted by local and regional banks managed by ADIB UAE - in January 2016.

First Half Results

31 August 2016

22-8-2016 Maridive booked a standalone profits of 4.3 m US$ IN H1-2016.

31-8-2016 Maridive booked a consolidated profits of 9 m US$ IN H1-2016.

Maridive booked a standalone profit of 7.8 m $ & a consolidated loss of 23.4 m $ in 2015.

23 March 2016

Maridive is attending CI Capital`s third annual conference Cairo , Egypt 2015 from 11st January 2015 till 12nd January 2015.

1 January 2015

Maridive booked a standalone profit of 15.3 m $ & a consolidated profit of 11.1 m $ during 9m-2014 representing an increase of 454 % & 77 % respectively

3 December 2014

Maridive is going to develop its management system in order to comply with the following (QHSSE) standards:-

20 October 2014

• Quality Management System according to ISO 9001:2015,

• Environmental Management System according to ISO 14001: 2004,

• Occupational Health & Safety Management System according to OHSAS 18001:2007.

And in this regard Maridive has signed a contract with Haztek consultancy in London to develop its QHSSE system to be an integrated management system (IMS) which will start in November 2014 for about of one year.

OSV Segment launched the new MPSV ( Maridive 235 ).

28 September 2014

Maridive 235 will meet highest standards of her category with a 100 ton AHC Crane, helideck, moon pool, 4 points mooring and 150 persons luxurious accommodation.

Maridive signed a syndicated loan through Abu Dhabi Islamic bank amounting 25 m US$

19 August 2014

M/V Maridive 9 finished her dry dock maintenance

12 August 2014

OSV Segment has been awarded a new contract amounting 4 m US$ in Egypt starting August 2014 with Abu Qir Petroleum Co.

5 August 2014

M/V Maridive 86 started a 10 days towage operation for Suez Oil Company ( Suco) - EGYPT

20 July 2014

Increasing in Fuel Prices in Egypt has no impact to our COGS as we buy Fuel for Marine units at the international price.However, if the marine unit is hired, the Client bears all the Fuel costs.

OSV Segment has contracted to build a new MPSV Vessel ( Maridive 235 ), to be delivered on Q4-2014

OSV Segment has been awarded a new contract amounting 26 m US$ with Petrobel ( Egypt ) for 2 years starting end of 2014

Maridive announces Q1-2014 Results (dated 5th June 2014)

OSV Segment has been awarded a contract extension for 2 years worth 44 m US$ with PDVSA Venezuela starting 2Q-2014.

ExxonMobil Nigeria West Africa awarded OSV a contract for 5 year with total value of 185 Millions US$ starting Second quarter 2014.

Maridive & Oil Services announced increasing issued capital from 143 360 000 $ to 163 840 000 US$. The additional 20 480 000 US$ increase will be financed from 2011 profits and divided into 51 200 000

These stock dividends will be distributed as one share per every 7 shares to shareholders of Wednesday 19/3/2014 & will be settled starting on Thursday 20 March 2014 through Misr for Clearing, Settlem

Maridive 603 was converted from a PSV to an MPSV.

Maridive7000, new build Tug - 7000 BHP, delivered in January 2014 from shipyard in China, now on route for a 5 years contract with Saudi ARAMCO.

AHTS Maridive 233 - 6000 BHP – DPII – FiFi 1 delivered from shipyard in January 2014 and sailing to Arabian Gulf for trading in Middle East. Maridive 233 is the six vessel in the 6000 BHP series.

Suez Oil Company “Suco” awarded “ Maridive Offshore Projects” the works for laying of 11 KV submarine cable at Ras Budran Field.

Suez Oil Company “Suco” awarded “Maridive Offshore Projects” the works for transportation of RB submarine cable drum.

Changes at the top

In June 2013, Dr Tarek Nadim became Chairman and Managing Director of Maridive after Captain Issa Eleish had passed away. During the past period, the Board elected new members to reflect diversity and initiated steps of the corporate governance strategy. A re-configeration of the organization chart is in progress. along with a study to create new committees to guide the company.in the most efficient way.

Second line management has been initiated and ongoing training has been implemented.

Fleet Expansion

As for our fleet, it has been upgraded with three new vessels that have been added in 2013 to meet new market demands.

Maridive attending The 4th EFG-Hermes Conference in London 15 September -17 September.

OCS Segment has been awarded a new contract with ONGC-India amounting 215 m$

Maridive books a net profit of 9.8 m$ ( standalone) & 6 m$ ( Consolidated )in H1-2014

Maridive started applying Haztek developing program on our management system in order to comply with the following (QHSSE) standards:-

• Quality Management System according to ISO 9001:2015.

• Environmental Management System according to ISO 14001: 2004.

• Occupational Health & Safety Management System according to OHSAS 18001:2007.

Maridive Group attending the 7th Mediterranean Offshore Conference & Exhibition - (MOC 2014).

MOC 2014 will be held on Alexandria , Egypt on 9 - 11 December 2014.

MOC 2014 is organized by the Egyptian Petroleum Sector in Partnership with International Exhibition Services - IES & Offshore Mediterranean Conference ( OMC ) under the high Patronage of the Ministry of Petroleum.For more information please visit www.moc-egypt.com

Looking forward to seeing you at our booth ( Exhibition booth 19 B ).