11 Hrs
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الاقتصادية
Limaad aims for full Abu Dhabi port control
Al Emad Company, the sovereign investor affiliated with the Abu Dhabi government, announced its intention to make an optional cash purchase offer to acquire all shares of Abu Dhabi Ports Group, of which it currently owns 75.42% of the capital. The offer price is 6.25 AED per share, representing a premium of 23% over the last closing price, and a significant increase compared to the previous offering price of 3.20 AED. The goal of the transaction is to enhance Al Emad's ownership stake in the company, with the possibility of gaining full control following regulatory approvals, to support its expansion in the trade and logistics sectors in Abu Dhabi. The completion of the deal remains subject to regulatory approvals, and the appointment of financial and legal advisors to manage the process.
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