AD Ports Group has sold a 9.77 percent stake in the dredging company NMDC Group to Alpha Dhabi Holding, an investment holding company, for AED1.6 billion ($436 million). All three companies are listed on the Abu Dhabi Securities Exchange (ADX). The ports operator had received the NMDC stake from Abu Dhabi Developmental Holding Company (ADQ) before […]AD Ports Group has sold a 9.77 percent stake in the dredging company NMDC Group to Alpha Dhabi Holding, an investment holding company, for AED1.6 billion ($436 million). All three companies are listed on the Abu Dhabi Securities Exchange (ADX). The ports operator had received the NMDC stake from Abu Dhabi Developmental Holding Company (ADQ) before […]

AD Ports sells NMDC stake to Alpha Dhabi for $436m

2025/11/27 16:33

AD Ports Group has sold a 9.77 percent stake in the dredging company NMDC Group to Alpha Dhabi Holding, an investment holding company, for AED1.6 billion ($436 million).

All three companies are listed on the Abu Dhabi Securities Exchange (ADX).

The ports operator had received the NMDC stake from Abu Dhabi Developmental Holding Company (ADQ) before listing in February 2022, it said in a statement to ADX.

In less than four years, the stake yielded a shareholder return of 17 percent, based on dividends and capital gains, with its book value as of Q3 2025 used as a reference.

The divestment is the third this year of non-core assets, following the sale of land at Khalifa Economic Zones Abu Dhabi (Kezad) to Mira Developments, and the sale of two logistics warehouses in Kezad to Aldar Properties for AED570 million.

Proceeds from the NMDC transaction will be used to deleverage the group’s balance sheet and to recycle capital into higher-return projects.

Mohamed Juma Al Shamisi, CEO of AD Ports Group, said the company will continue actively to manage its asset base to unlock and maximise value.

Further reading:

  • AD Ports records highest revenue since market debut
  • AD Ports buys $28m PIF stake in Egyptian port operator
  • AD Ports to build community in Abu Dhabi

The stake purchase will increase Alpha Dhabi’s ownership in the NMDC Group to around 77 percent.

The port operator’s share price closed at AED4.35 on Wednesday, down about 15 percent year-to-date. It has a free float of nearly 25 percent, with the remaining stake held by sovereign wealth fund ADQ.

International Holding Company, chaired by national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, owns around 60 percent of Alpha Dhabi, according to ADX data.

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