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AD Ports Confirms Satisfaction of All Takeover Offer Conditions by Abu Dhabi Developmental Holding

MT Newswires·09/22/2026 00:22:24
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12:22 AM EDT, 09/22/2026 (MT Newswires) -- Abu Dhabi Ports (ADX:ADPORTS), d/b/a AD Ports Group, said Tuesday that Abu Dhabi Developmental Holding Co. satisfied all conditions for its 6.25 Emirati-dirham per share voluntary cash offer for the company. Following this, Abu Dhabi Developmental's ownership in the port and industrial zones developer will increase to 98.93%. Settlement of the offer, payment of the offer price, and transfer of shares will take place on Friday.