Abu Dhabi's sovereign investor L’imad to boost its AD Ports stake to 98.5%
Abu Dhabi’s sovereign investment vehicle L’imad is set to increase its stake in AD Ports Group to 98.5 per cent after meeting all conditions to acquire the global ports operator. L’imad, through its wholly owned subsidiary ADQ, already owns 75.42 per cent of AD Ports and launched a voluntary tender offer on August 18 to acquire the remaining issued and paid-up share capital. It offered Dh6.25…
Abu Dhabi’s sovereign investor L’imad plans to increase its ownership of AD Ports Group to 98.5 percent. Through its subsidiary ADQ, L’imad already holds 75.42 percent of AD Ports and launched a tender offer on August 18 to acquire the remaining shares. By September 15, ADQ had received acceptances from over 23.08 percent of AD Ports’ share capital.
L’imad will finalize its stake increase by October 9, after settling the offer and registering the company’s shares in its name. AD Ports operates around 40 terminals in the UAE and has a global presence in nearly 50 markets. L’imad, founded last year, continues to expand its investment portfolio across the UAE and internationally.
Recently, L’imad completed the acquisition of Taqa, the remaining shares in Abu Dhabi National Energy Company, bringing its stake to 100 percent. Taqa is awaiting regulatory approval to delist from the ADX. L’imad also owns a significant stake in Abu Dhabi real estate developer Modon Holding. The company has partnered with Azerbaijan Investment Holding to explore joint investments in Azerbaijan and Central Asia, focusing on sectors like industry, critical minerals, urban infrastructure, energy, and digital connectivity.
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