Abu Dhabi Ports Company PJSC (ADPORTS)

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News

16 August 2022 05:51 PM AD Ports’ profits exceed AED 602m in H1-22 results

Abu Dhabi - Mubasher: AD Ports Group has logged net profits attributable to the owners worth AED 602.69 million during the first half (H1) of 2022, a hike from AED 402.70 million in H1-21. Revenues amounted to AED 2.28 billion in the first six …

Financial Results

12 July 2022 04:44 PM AD Ports inks MoU to support UAE-based Hayat Biotech’s expansion

Abu Dhabi - Mubasher: AD Ports Group has inked a memorandum of understanding (MoU) to support the UAE-based Hayat Biotech’s expansion through its pharma logistics network, including the KIZAD-based cold and ultra-cold pharma hub. The partnership …

Companies Investments

6 July 2022 10:15 AM AD Ports, SEG launch logistics, freight joint venture in Uzbekistan

Abu Dhabi - Mubasher: AD Ports Group has launched a joint venture with SEG, an Uzbekistan-based oil and gas company,  to open new logistics and freight businesses and reached an agreement to establish a food trading hub in the country. Under the …

Companies Investments

13 June 2022 04:18 PM AD Ports, NMDC ink agreement to establish joint venture

Abu Dhabi - Mubasher: AD Ports Group has reached an agreement with the National Marine Dredging Company (NMDC) to launch a new joint venture, SAFEEN Surveys and Subsea Services. The new company will offer offshore surveys and subsea services, …

Mergers and Acquisitions

9 June 2022 10:30 AM AD Ports, Enter Engineering to offer logistics forwarding services in Uzbekistan

Abu Dhabi - Mubasher: AD Ports Group has inked a head of terms agreement with Uzbekistan-based Enter Engineering Group to launch joint venture companies that offer logistics and freight forwarding services in Uzbekistan. The new businesses will …

Companies Investments

23 May 2022 02:48 PM AD Ports inks agreement to launch pulp, paper products hub

Abu Dhabi - Mubasher: AD Ports Group has reached a strategic partnership agreement with Germany-based Alexander Global Logistics GmbH to establish a pulp and paper products hub. Under the agreement, the two companies will launch a transshipment …

Companies Investments

15 May 2022 10:18 AM AD Ports reports rise in Q1-22 profits

Abu Dhabi - Mubasher: AD Ports Group posted a rise in net profits attributable to the owners to AED 304.92 million in the first quarter (Q1) of 2022 from AED 216.06 million in the year-ago period, according to the company's unaudited consolidated …

Financial Results

5 May 2022 10:20 AM AD Ports inks agreements to develop, operate port projects in Egypt

Mubasher: AD Ports Group has reached a term sheet and head of terms agreement with the Red Sea Ports Authority for major port projects that will be established along the coast of Egypt. Under the first agreement, AD Ports will develop, operate, …

Companies Investments

5 April 2022 03:12 PM AD Ports inks deal with ADNOC L&S to operate polymers storage hub

Abu Dhabi - Mubasher: AD Ports Group has reached a five-year agreement with ADNOC Logistics & Services (ADNOC L&S) to operate a new facility in the Khalifa Industrial Zone Abu Dhabi (KIZAD). Spanning over 180,000 square metres, the facility will …

Companies Investments

30 March 2022 01:47 PM AD Ports partner with Egyptian company to manage Ain Sokhna Port

Mubasher: AD Ports Group has partnered with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, to jointly supervise the development and operation of Ain Sokhna Port in Egypt. Under the …

Companies Investments

21 March 2022 03:12 PM AD Ports, ADNOC, Germany's HHLA ink cooperation agreement for clean hydrogen

Abu Dhabi - Mubasher: AD Ports Group has inked an agreement with Abu Dhabi National Oil Company (ADNOC) and HHLA, a Hamburg-based port and logistics company, to raise the use cases of clean hydrogen and its derivatives in harbour and maritime …

Companies Investments

8 March 2022 03:41 PM Al Rawabi inks deal to set up AED 650m dairy production facility in KIZAD

UAE - Mubasher: Al Rawabi, a UAE-based dairy and juice company, has signed an agreement to set up an AED 650 million dairy production facility in KIZAD, part of AD Ports Group’s Economic Cities and Free Zones (EC&FZ) cluster. Al Rawabi will …

Companies Investments

8 March 2022 09:44 AM AD Ports to be included in FTSE ADX Index series

Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) will include AD Ports Group in the FTSE ADX General Index and FTSE ADX Industrials Sector Index. The group's inclusion in the FTSE ADX Index series will be effective from 21 March 2022, …

Companies Investments

1 March 2022 05:52 PM AD Ports acquires Divetech Marine; unit inks trade deal with Saif Powertec

Abu Dhabi - Mubasher: AD Ports Group has wholly acquired the UAE-based Divetech Marine Engineering Services, specialised in installation, inspection, repair, and maintenance for ports and other maritime organisations. The transaction will enable …

Mergers and Acquisitions