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…
Abu Dhabi-based global ports and free zones operator AD Ports Group has announced the appointment of Afif Al Yafei as its new group chief executive. He replaces Capt Mohamed Al Shamisi, who has led the company since 2014. Under Al Shamisi's guidance, AD Ports Group has transformed from a local port operator into an integrated global trade and logistics business.
Al Yafei, who joins the group from Taqa Transmission, played a key role in expanding the company's asset base and capital investment program during his tenure at the company. He has also held senior leadership positions at Tabreed and Adnoc Gas and currently serves on several corporate boards. AD Ports Group's chairman, Shadi Malak, expressed confidence in Al Yafei's expertise in growth, investment, governance, and organizational development, stating that his leadership will help the company build on its strong foundations and move into its next phase of development.
The leadership change occurs as AD Ports Group transitions from a publicly-traded company to a private entity, delisting from the Abu Dhabi Securities Exchange after its parent company, L'Imad, acquired a majority stake in the company through a voluntary tender offer.
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