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 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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