On 17 August 2026, AD Ports Group (ADX: ADPORTS) received a notification from L’IMAD Holding Company PJSC (L’IMAD), a sovereign investor of the Government of Abu Dhabi, of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of the issued and paid-up share capital of Abu Dhabi Ports Company PJSC (AD Ports Group) not already held by ADQ. L’IMAD, through ADQ, currently owns 75.42% of AD Ports Group.
An Offer Document was subsequently received on 18 August 2026, in which L’IMAD, through ADQ, confirmed its offer of AED 6.25 for each AD Ports Group share. As of 14 August 2026, this represents:
- 23% premium to the closing share price of AED 5.10 per share
- 25% premium to 1-month Volume Weighted Average Price of AED 5.02 per share
- 31% premium to 3-month Volume Weighted Average Price of AED 4.76 per share
- 95% premium over AD Ports Group’s listing price on ADX on 8th February 2022 of AED 3.20 per share
On 26 August 2026, the Board of Directors of AD Ports Group issued a recommendation to all shareholders to accept the offer, deemed fair following a fairness opinion from its independent financial advisor, HSBC Bank Middle East Limited, ADGM Branch (HSBC).
AD Ports Group will make further announcements with respect to any material developments in the matter in due course.
For more information, contact:
media@limad.com
limad-adpg@teneo.com
For Investor information, please contact:
Marc Hammoud
Vice President, Investor Relations – AD Ports Group
marc.hammoud@adports.ae
For media information, please contact:
AD Ports Group Media Office
media@adports.ae
