DFM ---ADX ---
2hUAE Treasury Sukuk and Bonds Attract Dh4.54 Billion in Latest AuctionBusiness
5hUAE fuel prices dip for November: Here is how much you will save at the pumpBusiness
10hThe Recent $6.3 Billion Binance Breach: Security Lessons for the Crypto IndustryBusiness
22hUAE Residents Rank Telemarketers as Least Trusted ProfessionalsBusiness
22hUAE and Democratic Republic of Congo Launch Landmark Trade DealBusiness
1dUAE Regulator Closely Monitors Binance Following Major Security BreachBusiness
1dSingapore Airlines Suspends Dubai Routes Amid Regional TensionsBusiness
1dNMDC Group Reports Robust Growth with Dh2.4 Billion ProfitBusiness
1dPureHealth Sees Net Profit Surge to Dh1.8 Billion on Global ExpansionBusiness
1dArada Secures $400 Million in Landmark Sukuk IssuanceBusiness
1dFitch Ratings Affirms ADQ’s ‘AA’ Rating Following Strong 2025 Financial PerformanceBusiness
1dFlydubai Suspends Operations to Select Saudi Cities Amid Regional TensionsBusiness
1dBinance’s Recent $6.3 Billion Security Breach: A Deep Dive into Crypto’s HistoryBusiness
1dDubai Opens Doors: 400 New Real Estate Job Opportunities for EmiratisBusiness
1dUAE Dominates GCC M&A Landscape Amid Rising Market MaturityBusiness
1dBinance Faces Record-Breaking $6.3 Billion Security BreachBusiness
1dDubai Real Estate Records Strong Q3 Performance with Dh141 Billion in TransactionsBusiness
1dMicrosoft to Raise $25 Billion in Major Bond Sale for AI ExpansionBusiness
1dDubai’s Real Estate Funds: A New Frontier for Property InvestmentBusiness
2dECB President Christine Lagarde Announces ResignationBusiness
2dUAE Residents Can Now Repair Credit Scores in Just Six MonthsBusiness
2dSharjah Offers Affordable Licensing for Tech StartupsBusiness
2dUAE Residents Offered Faster Path to Financial Recovery with New Credit Scoring SystemBusiness
2dUAE Businesses Face Urgent Deadline for E-Invoicing ComplianceBusiness
2dNew Protections for Dubai Renters: How to Void Deceptive ContractsBusiness

Abu Dhabi Sovereign Fund L’imad Moves to Nearly Full Ownership of AD Ports Group

Wed, Sep 16, 2026(45d ago)Business

Abu Dhabi’s sovereign investment arm, L’imad, is set to solidify its control over AD Ports Group, pushing its ownership stake past the 98.5% threshold. This shift follows a successful voluntary tender offer executed through its subsidiary, the Abu Dhabi Developmental Holding Company (ADQ). The offer period, which ran from mid-August through mid-September 2026, has met all necessary conditions, with the final settlement and official transfer of shares expected to be completed by October 9, 2026.

This strategic move places AD Ports Group firmly at the core of L’imad’s expansive logistics and infrastructure portfolio, which already includes key assets like Aramex and Etihad Rail. To incentivize shareholders, L’imad offered a significant premium on the company’s share price—an attractive proposal that followed an impressive 88% surge in AD Ports' second-quarter profits. With top-tier financial and legal advisors like Rothschild & Co. and First Abu Dhabi Bank facilitating the transition, this consolidation signals L’imad’s ongoing commitment to dominating the region’s maritime and industrial logistics landscape.

Comments0
No comments yet. Be the first to share your thoughts.