#AD Ports Group
9 articles with this tag
EconomyAD Ports Group Achieves 73% Profit Surge Amidst Strategic Maneuvers to Counter Hormuz Strait Disruptions
AD Ports Group reported a 73% jump in third-quarter net profit, reaching Dh767 million, driven by strategic efforts to mitigate disruptions from the Strait of Hormuz closure and enhance supply chain resilience through alternative routes and expanded logistics operations.
MiscellaneousAD Ports Group Welcomes Afif Al Yafei as New Chief Executive Amidst Strategic Transition
AD Ports Group has appointed Afif Al Yafei as its new chief executive, succeeding Capt Mohamed Al Shamisi. This leadership change occurs as the company transitions to private ownership under L'imad.
EconomyAbu Dhabi's L’imad Set to Raise AD Ports Stake to 98.5% After Successful Offer
Abu Dhabi's sovereign investment vehicle L’imad is set to increase its stake in AD Ports Group to 98.5 per cent after securing sufficient acceptances from a voluntary tender offer. The transaction is slated for completion by October 9.
EconomyL’imad Clears All Key Conditions to Secure Full Ownership of AD Ports Group
Abu Dhabi's L'imad has met all conditions to finalize its voluntary cash offer for full ownership of AD Ports Group, paving the way for the company to delist and pursue long-term growth.
EconomyAD Ports Board Recommends Shareholders Accept L'imad's Dh6.25-a-Share Takeover Bid
AD Ports Group's board has advised shareholders to accept L'imad's Dh6.25-a-share cash offer to take full control of the company, backed by a fairness opinion from HSBC.
EconomyAD Ports Group Appoints HSBC as Financial Adviser for L'imad Takeover Bid
AD Ports Group has hired HSBC to advise on a multi-billion-dirham voluntary conditional cash offer from Abu Dhabi sovereign investment arm L’imad to acquire all remaining shares.
EconomyAbu Dhabi Sovereign Fund L'imad Bids for Full Ownership of AD Ports Group in Major Logistics Expansion
Abu Dhabi sovereign fund L'imad has announced a voluntary conditional cash offer to acquire the remaining shares of AD Ports Group through its subsidiary ADQ in a major expansion move.
PoliticsArab Nations Support Gaza Peace Initiative as Hormuz Shipping Slows and Iraq Expands Anti-Corruption Drive
Arab nations back a Gaza peace plan amid talks in Egypt, maritime traffic slows in the Strait of Hormuz, and Iraq seizes millions in cash and gold during an ongoing corruption crackdown.
EconomyAD Ports Group Reports 86% Q2 Profit Surge Driven by Trade Routes Avoiding Strait of Hormuz
AD Ports Group reported an 86 per cent surge in second-quarter net profit, reaching Dh596.7 million, by successfully rerouting trade away from the closed Strait of Hormuz.