16 Hrs
Source:
اقتصاد سكاي نيوز عربية
Lemad Announces Abu Dhabi Ports Deal
Lojad for Emad, the sovereign investment company affiliated with the Abu Dhabi government, announced the end of the statutory period for the voluntary share purchase offer for Abu Dhabi Ports Company (Abu Dhabi Ports Group) on September 15, 2026. The company had launched the offer on August 18, 2026, with settlement expected before October 9, 2026. As a result, Emad's ownership stake will increase from 75.4% to over 98.5%. It is anticipated that the shares will be registered in the name of "Al Qabtat" (ADQ) and that payments for the shares will be made to the ports' shareholders before that date, as part of a plan to strengthen the company's control over key assets and support strategic projects in the UAE's ports and logistics sector.
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