7
September
2021
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ADQ intends to list Abu Dhabi Ports on Abu Dhabi Securities Exchange

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.

Today’s announcement marks another important step in Abu Dhabi Ports’ ongoing journey as we consolidate our leading role in the maritime and logistics sectors. Thanks to our leadership’s wisdom and foresight, Abu Dhabi enjoys the stable economic environment that has driven our ongoing growth, encouraged us to embrace innovation and ensured we have been able to build world class partnerships with international champions.

H.E. Falah Mohammed Al Ahbabi, Chairman of Abu Dhabi Ports

As part of ADQ’s portfolio since its inception in 2018, Abu Dhabi Ports has successfully consolidated and integrated ports, industrial cities and free zones, logistics, maritime and digital entities while increasing volumes and revenues. With a strong leadership team in place, we are confident Abu Dhabi Ports is well-positioned to continue progressing on its strategy towards becoming a global trade and commercial hub. With 14 listings already in 2021, ADX is an ideal choice to give investors access to a high quality, high growth potential maritime and logistics leader due to its growing liquidity and resiliency.

H.E. Mohamed Hassan Alsuwaidi, Chief Executive Officer, ADQ

We are committed to driving innovation and development across the global maritime and logistics industries to support the growth of Abu Dhabi and the UAE. Over the past year, we have delivered on our long-term strategy focused on driving global trade through an integrated portfolio of world-class ports, industrial zones and logistics supply chains.

Capt. Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports

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 Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.

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