L’IMAD moves to acquire remaining 24.58% of AD Ports

L’IMAD, through ADQ, currently owns 75.42% of AD Ports Group.

AD Ports said it received a notice from L’IMAD Holding Co. (L’IMAD), a sovereign investor of the Abu Dhabi Government, on its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding Co. (ADQ), to acquire up to 100% of the issued and paid-up share capital of AD Ports Group not already held by ADQ.

L’IMAD, through ADQ, currently owns 75.42% of AD Ports Group.

L’IMAD, through ADQ, intends to offer AED 6.25 per share, which represents a 23% premium to last share price close of AED 5.10 per share as of August 14, 2026; a 25% premium to one-month volume weighted average price (VWAP) of AED 5.02 per share; a 31% premium to three-month VWAP of AED 4.76 per share; and a 95% premium over AD Ports Group’s listing price on ADX on 8th February 2022 of AED 3.20 per share. 

The offer is subject to the approval of the board and the required procedures will be followed in accordance with the decision of the Capital Market Authority. AD Ports Group will make further announcements with respect to any material developments in the matter in due course.