AD Ports Group has confirmed that its board will review and proceed with formal steps following a voluntary tender offer from sovereign investor L’IMAD Holding Company, which has proposed acquiring the remaining shares it does not already own at AED 6.25 per share.
The offer, submitted via ADQ, values the transaction at more than US$8.6 billion (approximately AED 31 billion) and represents a 23% premium to the company’s closing share price prior to the announcement. ADQ already controls around 75.42% of AD Ports Group, leaving a minority free float targeted by the tender.
In a statement, AD Ports Group said the proposal would be presented to its board of directors and handled in line with UAE capital markets regulations governing mergers and acquisitions. The board’s backing is seen as a key step in advancing the process toward a potential full buyout and delisting.
Market reaction has been swift, with AD Ports shares rising toward the offer price following the announcement. The move could allow the group to pursue long-term capital investment and expansion strategies without the constraints of public market expectations.
If completed, the transaction would consolidate state ownership of one of the region’s most globally active ports and logistics platforms, reflecting a broader trend of strategic assets returning to sovereign control.
Read More: ADQ Makes Cash Offer to Acquire 100% Shares of AD Ports Group