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Abu Dhabi Developmental Satisfies Key Conditions for AD Ports Group Takeover

MT Newswires·09/08/2026 00:38:19
語音播報
12:38 AM EDT, 09/08/2026 (MT Newswires) -- Abu Dhabi Developmental Holding Co. satisfied key conditions for its voluntary conditional cash offer of 6.25 Emirati dirham per share for shares it does not own in Abu Dhabi Ports (ADX:ADPORTS), d/b/a AD Ports Group. Settlement of the offer, payment of the offer price, and transfer of shares are expected to take place by Oct. 9, the port and industrial zones developer said Tuesday. AD Ports Group added that the transaction is still subject to submission of customary notifications to the Capital Market Authority and the Abu Dhabi Securities Exchange.