Lemad Approaches Abu Dhabi Ports Completion
Alamaad Holding Company announced that it has met all the conditions for its acquisition offer on the remaining shares of Abu Dhabi Ports Group. The completion of the deal and the settlement of the offer are expected before October 9, 2026. This acquisition, which strengthens Alamaad's presence in the transport and logistics sector, aims to finalize the purchase of the remaining shares held by the group's shareholders. It is part of a plan to support the expansion of commercial activities and logistics services related to trade development and supply chain management in Abu Dhabi. The offer price was 6.25 dirhams per share, reflecting a 23% premium over the stock's closing price in August. The company now awaits shareholder approval and the completion of legal and regulatory formalities.
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