Abu Dhabi Ports Group to list on ADX next week
Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, will list on the main market of the Abu Dhabi Securities Exchange next week.
The shares of Abu Dhabi Ports Group — majority owned by ADQ, one of the region’s largest holding companies — will list under the trading symbol ADPORTS on February 8, the ADX said in a statement on Friday.
The company’s shares will be listed in “the first market — first category”, said the bourse, without disclosing the size of the listing that was first announced by ADQ in September 2021.
The share capital of the company was increased to Dh5.09 billion ($1.4bn) in 2022 from Dh3.84bn by way of private placement, with the nominal value of each share priced at Dh1, according to the company's prospectus.
ADQ currently has a stake of 75.44 per cent, or 3.84 billion shares, in Abu Dhabi Ports Group.
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