Company Insights AD Ports Group Infrastructure AD Ports Group Overview AD Ports Group – formerly Abu Dhabi Ports Company – is the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi Part of Abu Dhabi investment and holding company ADQ, AD Ports Group has a portfolio of ports, economic zones, logistics and digital businesses driving the growth of international trade. It was publicly listed on the Abu Dhabi Securities Exchange in February 2022, raising over $1 billion in an initial public offering. ADQ is its majority shareholder. AD Ports Group has evolved into a significant driver of economic growth, contributing more than AED 150 billion ($40 billion) to the UAE’s GDP, representing more than 10 percent of the Abu Dhabi’s non-oil GDP and creating almost 375,000 jobs. In 2023 it signed a $2 billion financing agreement with a syndicate of 13 regional and international banks. The funding requirement was 3.7-times oversubscribed, with commitments of $7.4 billion in total from the participating banks. AD Ports Group has a maritime fleet of 254 vessels, 33 port terminals and an industrial land bank of 550 sq km. Over the past few years AD Ports Group has signed numerous deals to update, invest in and operate ports and infrastructure across the Middle East and Africa. AD Ports Group News Logistics ADQ unit explores offer to buy Aramex stake in cash A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […] January 13, 2025 Finance AD Ports boosts liquidity with upsized credit facility The UAE’s AD Ports Group has refinanced and upsized its existing revolving credit facility, more than doubling its size to enhance its liquidity position. The credit facility was increased from $1 billion to $2.13 billion, incorporating tranches in both AED and USD to optimise financing costs by improving interest margins, the UAE state-run Wam news […] December 23, 2024 Logistics DP World starts work on $1.2bn port in Senegal Dubai-based DP World has commenced work on the $1.2 billion Port of Ndayane, with the aim of transforming Senegal into a major centre for global trade. The Willem Van Rubroeck vessel is set to dredge a five km-long shipping channel to build a high-capacity port. The project’s first phase also includes an 840m quay to […] December 19, 2024 Opinion Infrastructure Africa’s port assets are irresistible for the UAE The privatisation of maritime infrastructure is often controversial in Africa November 25, 2024 Transport AD Ports explores building new economic zone in Egypt AD Ports Group is exploring opportunities with the Egyptian government to build, operate and transfer an economic zone in East Port Said. As part of a framework agreement, the UAE port operator and the Suez Canal Economic Zone (SC Zone) will explore the building, operation, and transfer of the East Port Said Industrial Zone near […] November 21, 2024 Transport AD Ports quarterly profit rises 11% to $121m The UAE’s AD Ports Group said its annual total net profit rose 11 percent in the third quarter of 2024 as revenue reached a record high. The bottom line reached AED445 million ($121.2 million) in the three-month period ended September 30, compared with AED439 million in the same period last year. Revenue increased 10 percent year on year […] November 12, 2024 Opinion Trade UAE believes trade with Africa is worth the risk Investments by Emirati companies are being encouraged and supported by the government October 22, 2024 Construction ADQ unveils plans for Ras El Hekma Egyptian project Abu Dhabi sovereign wealth fund ADQ has revealed plans for the Ras El Hekma mega development, which is expected to contribute $25 billion annually to Egypt’s GDP and create 750,000 jobs both directly and indirectly. The sovereign fund has appointed Abu Dhabi-listed Modon Holding as the master developer for the 170 million sq m project. […] October 7, 2024 Finance ADQ’s $2bn bond issue draws fourfold demand Order books for the $2 billion bond sale by Abu Dhabi’s ADQ crossed $8 billion as it plans to diversify it funding sources to support new acquisitions. The sovereign wealth fund issued two tranches: a $1 billion seven-year bond at 85 basis points (bps) over US Treasuries and a $1 billion 30-year bond priced at […] September 26, 2024 Transport Abu Dhabi’s Noatum enters Egypt with Safina buyout Noatum, an Abu Dhabi state-owned AD Ports Group company subsidiary, has acquired a majority stake in Safina, an Egyptian maritime and cargo services provider. The deal, the value of which was not disclosed, is expected to close in Q3 2024, the UAE state-run Wam news agency reported. The acquisition of Safina will support Noatum Maritime’s […] August 18, 2024 Posts navigation 1 2 … 8 Next
Logistics ADQ unit explores offer to buy Aramex stake in cash A subsidiary of Abu Dhabi Development Holding Company (ADQ), a sovereign wealth fund, intends to submit an offer to buy 100 percent of the shares in Dubai-listed logistics company Aramex not already owned by Abu Dhabi Ports Company. Shareholders accepting the offer of Q Logistics Holding, an indirect subsidiary of ADQ Development Holding, will be […] January 13, 2025
Finance AD Ports boosts liquidity with upsized credit facility The UAE’s AD Ports Group has refinanced and upsized its existing revolving credit facility, more than doubling its size to enhance its liquidity position. The credit facility was increased from $1 billion to $2.13 billion, incorporating tranches in both AED and USD to optimise financing costs by improving interest margins, the UAE state-run Wam news […] December 23, 2024
Logistics DP World starts work on $1.2bn port in Senegal Dubai-based DP World has commenced work on the $1.2 billion Port of Ndayane, with the aim of transforming Senegal into a major centre for global trade. The Willem Van Rubroeck vessel is set to dredge a five km-long shipping channel to build a high-capacity port. The project’s first phase also includes an 840m quay to […] December 19, 2024
Opinion Infrastructure Africa’s port assets are irresistible for the UAE The privatisation of maritime infrastructure is often controversial in Africa November 25, 2024
Transport AD Ports explores building new economic zone in Egypt AD Ports Group is exploring opportunities with the Egyptian government to build, operate and transfer an economic zone in East Port Said. As part of a framework agreement, the UAE port operator and the Suez Canal Economic Zone (SC Zone) will explore the building, operation, and transfer of the East Port Said Industrial Zone near […] November 21, 2024
Transport AD Ports quarterly profit rises 11% to $121m The UAE’s AD Ports Group said its annual total net profit rose 11 percent in the third quarter of 2024 as revenue reached a record high. The bottom line reached AED445 million ($121.2 million) in the three-month period ended September 30, compared with AED439 million in the same period last year. Revenue increased 10 percent year on year […] November 12, 2024
Opinion Trade UAE believes trade with Africa is worth the risk Investments by Emirati companies are being encouraged and supported by the government October 22, 2024
Construction ADQ unveils plans for Ras El Hekma Egyptian project Abu Dhabi sovereign wealth fund ADQ has revealed plans for the Ras El Hekma mega development, which is expected to contribute $25 billion annually to Egypt’s GDP and create 750,000 jobs both directly and indirectly. The sovereign fund has appointed Abu Dhabi-listed Modon Holding as the master developer for the 170 million sq m project. […] October 7, 2024
Finance ADQ’s $2bn bond issue draws fourfold demand Order books for the $2 billion bond sale by Abu Dhabi’s ADQ crossed $8 billion as it plans to diversify it funding sources to support new acquisitions. The sovereign wealth fund issued two tranches: a $1 billion seven-year bond at 85 basis points (bps) over US Treasuries and a $1 billion 30-year bond priced at […] September 26, 2024
Transport Abu Dhabi’s Noatum enters Egypt with Safina buyout Noatum, an Abu Dhabi state-owned AD Ports Group company subsidiary, has acquired a majority stake in Safina, an Egyptian maritime and cargo services provider. The deal, the value of which was not disclosed, is expected to close in Q3 2024, the UAE state-run Wam news agency reported. The acquisition of Safina will support Noatum Maritime’s […] August 18, 2024
