One of the largest holding companies in middle east ADQ, has announced its plans to list Abu Dhabi Ports on Abu Dhabi Securities Exchange.
The Chairman of Abu Dhabi Ports, H.E. Falah Mohammed Al Ahbabi, said:
“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.”
The Chief Executive Officer of ADQ, H.E. Mohamed Hassan Alsuwaidi, said:
“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.”
The proposed listing is currently expected to happen by end of 2021 which is subject to market conditions and obtaining relevant regulatory approvals.
