AD Ports Group closes AED 4 billion primary issuance and is set to complete listing of its shares

Abu Dhabi, UAE – February 7, 2022: AD Ports Group, one of the UAE’s leading integrated ports, logistics and industrial zone operators, today announced the listing of its shares on the main market of the Abu Dhabi Securities Exchange (ADX). Trading is set to begin tomorrow, under the ticker symbol “ADPORTS”. 

Ahead of the listing, AD Ports Group raised new capital through a primary issuance. The AED 4 billion of cash proceeds from this primary issuance will be used to fund the Company’s organic and inorganic growth plans, allowing the company to accelerate its local and international expansion plans. Accordingly, ADQ, an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises, remains a majority shareholder with a 75.44 percent stake in the listed entity. 

Furthermore, ADQ transferred ownership of stakes in two listed companies to AD Ports Group prior to the listing. This comprised a 22.32 percent stake in logistics firm Aramex PJSC (“Aramex”) and a 10 percent stake in UAE-based contractor National Marine Dredging Company PJSC (“NDMC”), which specialises in engineering, procurement, construction and marine dredging. Both companies create significant synergies to AD Ports Group’s existing business and will accelerate its growth strategy as a diversified global trade and logistics platform.