Our MissionTo be the best offshore and oil service partner to our clients, investors and employees.
To surpass our competitors with diversity of services, fleet size, technology and expertise.
To provide services with the highest degree of professionalism, integrity and dedication.
Safety of individuals and care of the environment is always a priority for Maridive Group.
Our Strategies Continuously upgrade our fleet and equipment to meet international market trends.
Attract, recruit and retain highly qualified managers and personnel.
Endeavour to get high fleet utilization rates by securing long-term contracts.
Geographical expansion and constant growth is our key strategy, to maximize profitability.
Core valuesContinuously improving Maridive Group’s corporate governance to motivate highly dedicated managers and personnel.
Maridive Group strives to maintain an excellent reputation with partners and clients with its commitment to high work ethics, integrity and innovative solutions.
Scope of ServicesMaridive Group has an integrated business model which covers the whole value chain of marine services. We provide a wide range of Offshore Support Vessels (OSV) and Offshore Construction Services (OCS) which keeps us at a competitive advantage.
Company Overview
Maridive Group is the largest company providing offshore marine and oil support services in Egypt and the largest regionally, in terms of fleet size.
Maridive was founded in 1978 by Capt. Issa Eleish, Mr. Magdy Zeid and Mr. Maged Nadim. Thanks to their great experience and commitment, the company started with one marine unit. It grew until the present, holding over 65 marine units, and becoming one of the largest marine and oil service companies in the world.
The company was established in 1978 in Port Said as a Free Zone Joint Stock company. Maridive Group has expanded over the years together with its subsidiaries Maridive Offshore Projects, Maritide, and Valentine Maritime and now has a strong reputation for excellence and efficiency in the offshore oil and gas services fields. We have a long track record with our loyal customers and the company’s goal is to continue to diversify with a global footprint.
Our Fleet
Maridive Group in Egypt manages our fleet in the Following:-
- Africa
- Egypt Mediterranean and Red Seas,
- North Africa Tunisia
- West Africa Angola
- Logistical Support to Maridive offshore Alexandria, Port Said, Ras Shukheir, Abu Rudies, Al Tor Harbour
- Middle East
- Abu Dhabi
- Logistical Support to Maridive offshore Abu Dhabi and Al Khafgi (KSA),
- Caribbean Sea, and Latin America
- Venezuela (Force majeure in Venezuela 2019)
- Brasil
Also, management of India and Far East activities.
Latest News
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Maridive & Oil Services reports 56% lower loss in H1 2022 - Standalone... Read More
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Maridive & Oil Services reports 45% lower loss in Q1 2022 - Consolidated... Read More
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Maridive & Oil Services reports 45% lower loss in Q1 2022 - Standalone... Read More
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Initial approval from creditor banks to structure the company's loans... Read More
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Maridive General Assembly approves business results ... Read More
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Maridive General Assembly approves open branch in KSA ... Read More
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Maridive General Assembly approved the election and formation of the Board of Directors... Read More
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Maridive General Assembly approved the appointment of CEO and Managing Director... Read More
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Maridive & Oil Services reports 46% lower loss in 2021 - Consolidated... Read More
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Maridive & Oil Services reports 32% lower loss in 2021 - Standalone... Read More
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Maridive assigns the duties of the CEO of the company to Mr. Mohammad Makram... Read More
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Resignation of CIB from the Board of Directors... Read More
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Maridive & Oil Services reports 52% lower loss in Q3-21 - Consolidated... Read More
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Maridive & Oil Services reports 17% lower loss in Q3-21 - Standalone... Read More
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Maridive & Oil Services posts 34% profit drop in H1-21... Read More
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No deal reached with Al Subeai on subsidiary sale... Read More
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Maridive & Oil Services reports 30% lower loss in Q1-21... Read More
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Ever Given crisis ... Read More
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Maridive's board accepts $48m acquisition offer for subsidiary... Read More
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Change in Maridive Abu Dhabi management... Read More
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Maridive receives $48m acquisition offer for subsidiary... Read More
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Maridive reveals reasons behind loss increase... Read More
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Force majeure in Venezuela... Read More
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European Bank... Read More
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Forbes Middle East: Mrs.Shahira Zeid... Read More
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Maridive is attending CI Capital`s third annual conference Cairo , Egypt 2015 from 11st January 2015 till 12nd January 2015.... Read More
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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... Read More
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Maridive is going to develop its management system in order to comply with the following (QHSSE) standards:-... Read More
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OSV Segment launched the new MPSV ( Maridive 235 ). ... Read More
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Maridive signed a syndicated loan through Abu Dhabi Islamic bank amounting 25 m US$... Read More
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M/V Maridive 9 finished her dry dock maintenance... Read More
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OSV Segment has been awarded a new contract amounting 4 m US$ in Egypt starting August 2014 with Abu Qir Petroleum Co.... Read More
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M/V Maridive 86 started a 10 days towage operation for Suez Oil Company ( Suco) - EGYPT... Read More
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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.... Read More
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OSV Segment has contracted to build a new MPSV Vessel ( Maridive 235 ), to be delivered on Q4-2014... Read More
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OSV Segment has been awarded a new contract amounting 26 m US$ with Petrobel ( Egypt ) for 2 years starting end of 2014... Read More
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Maridive announces Q1-2014 Results (dated 5th June 2014)... Read More
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OSV Segment has been awarded a contract extension for 2 years worth 44 m US$ with PDVSA Venezuela starting 2Q-2014.... Read More
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ExxonMobil Nigeria West Africa awarded OSV a contract for 5 year with total value of 185 Millions US$ starting Second quarter 2014.... Read More
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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... Read More
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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... Read More
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Maridive 603 was converted from a PSV to an MPSV.... Read More
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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. ... Read More
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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.... Read More
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Suez Oil Company “Suco” awarded “ Maridive Offshore Projects” the works for laying of 11 KV submarine cable at Ras Budran Field.... Read More
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Suez Oil Company “Suco” awarded “Maridive Offshore Projects” the works for transportation of RB submarine cable drum.... Read More
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Changes at the top... Read More
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Fleet Expansion... Read More
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Maridive attending The 4th EFG-Hermes Conference in London 15 September -17 September.... Read More
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OCS Segment has been awarded a new contract with ONGC-India amounting 215 m$... Read More
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Maridive books a net profit of 9.8 m$ ( standalone) & 6 m$ ( Consolidated )in H1-2014... Read More
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Maridive started applying Haztek developing program on our management system in order to comply with the following (QHSSE) standards:-... Read More
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Maridive Group attending the 7th Mediterranean Offshore Conference & Exhibition - (MOC 2014).... Read More
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Total shares
409,600,000
First IPO was in 2008Stock
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