10 Hrs
Source:
اقتصاد سكاي نيوز عربية
Al Emad Holding offers to buy Abu Dhabi Ports
AD Ports Authority announced that it has received a notice from Al Emad Holding Company, a subsidiary of the Abu Dhabi government, regarding its intention to make a conditional cash tender offer to acquire all remaining shares of the company that it does not already own, representing 24.58% of AD Ports' capital. The offer is limited to a price of 6.25 AED per share, which corresponds to a premium ranging from 23% to 95% compared to closing prices, averages, and previous trading history. The aim is to increase Al Emad Holding's stake to 100%. The necessary legal procedures will be followed and the offer will be submitted to AD Ports' Board of Directors in accordance with the regulations of the Securities and Commodities Authority.
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