AD Ports Group appoints Afif Al Yafei as chief executive
AD Ports Group , the Abu Dhabi-based global ports and free zones operator, has appointed Afif Al Yafei as its new group chief executive. He succeeds Capt Mohamed Al Shamisi, who took helm in 2014, and helped AD Ports Group grow from a local port operator into an integrated global trade and logistics business. Dr Al Yafei joins the group from Taqa Transmission, where he served as its top…
Port operator AD Ports Group has announced the appointment of Afif Al Yafei as its new group chief executive. Al Yafei replaces Capt Mohamed Al Shamisi, who led the company since 2014 and helped expand AD Ports Group from a local port operator to an integrated global trade and logistics business. Al Yafei, who joins the group from Taqa Transmission, previously oversaw the expansion of the company's asset base and capital investment programme.
He also held senior leadership roles at Tabreed and Adnoc Gas and serves on several corporate boards. AD Ports Group chairman Shadi Malak praised Al Yafei's expertise in growth, investment, governance and organisational development, stating that his skills will help the company build on its strong foundations and enter its next phase of development.
The leadership change comes as AD Ports Group transitions from a publicly-traded company to a private enterprise, with the company currently in the process of delisting from the Abu Dhabi Securities Exchange. The move follows sovereign investment vehicle L'Imad's acquisition of up to 100% of the ports company through a voluntary cash offer, with L'Imad already owning 75.42% of the company.
AD Ports Group operates about 40 terminals in the UAE and has a presence in nearly 50 markets globally.
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