Highlights
- Proposed listing will accelerate Abu Dhabi Ports’ strategic plan to become a global maritime and logistics leader
- Investors will gain exposure to the largest, and most diversified and financially resilient ports operator with solid growth potential and investment-grade credit ratings that are underpinned by a robust capital structure
- ADQ to remain a majority shareholder of Abu Dhabi Ports following the listing
ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced today its intention to proceed with listing shares of Abu Dhabi Ports Company PJSC (“Abu Dhabi Ports”), an Abu Dhabi based global trade enabler encompassing diverse assets including ports, industrial cities and free zones, maritime, logistics and digital.
The listing on the Abu Dhabi Securities Exchange (ADX) is expected to comprise a sale of a portion of existing shares to investors in the UAE.
For the year ended 31 December 2020, Abu Dhabi Ports reported revenues of AED 3.4 billion, a growth of AED 0.7 billion (c. 24%) compared to 2019 despite the COVID-19 impact. Growth was delivered across key revenue streams backed by strong operational performance. EBITDA of Abu Dhabi Ports grew by 37% to reach AED 1.5 billion in 2020 and EBITDA margins improved from 40.7% in 2019 to 45.2% in 2020. Abu Dhabi Ports’ asset base expanded by AED 3.1 billion, reaching a total of AED 24.8 billion as of 31 December 2020.
The proposed listing is currently expected to occur before the end of 2021, subject to market conditions and obtaining relevant regulatory approvals.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
Direct to your inbox
ADQ News and Insights delivered directly to your inbox