Abu Dhabi – Mubasher: Abu Dhabi Ports Co has no plans to launch an initial public offering (IPO) in the short-term, Reuters quoted the company's CEO Mohamed Juma Al Shamisi as saying.

Al Shamisi’s comments came after Bloomberg reported that the company is considering an IPO, joining a growing list of state entities in the UAE seeking to sell shares.

Abu Dhabi Ports is the master developer, operator, and manager of ports and the Khalifa Industrial Zone in the emirate.