AD Ports' Majority Owner Plans to Acquire Remaining Stake

12:38 AM EDT, 08/17/2026 (MT Newswires) -- Abu Dhabi Ports (ADX:ADPORTS), d/b/a AD Ports Group, said Monday it received a takeover approach from Abu Dhabi Developmental Holding Co., a subsidiary of L'imad Holding. Abu Dhabi Developmental intends to make a voluntary conditional cash offer to take full ownership of the port and industrial zones developer's issued and paid-up share capital. It currently owns a 75.42% stake in Abu Dhabi Developmental. Under the terms of the potential offer, shareholders will receive 6.25 Emirati dirhams in cash for each share held. The transaction is subject to regulatory approvals and due diligence. Emirates NBD Capital and First Abu Dhabi Bank are serving as joint lead managers, and EFG Hermes UAE is acting as co-lead manager for the proposed deal.