{
  "id": 3532352,
  "title": "AD Ports board backs L’imad’s Dh6.25-a-share bid for full control",
  "url": "https://urgent.news/2026/08/26/ad-ports-board-backs-limads-dh6-25-a-share-bid-for-full-control",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T15:08:14.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/markets/2026/08/26/ad-ports-board-backs-limads-dh625-a-share-bid-for-full-control/"
  },
  "original_language": "en",
  "account": "The board of AD Ports Group has advised shareholders to accept L’imad’s offer of Dh6.25 per share to gain full control of the company, according to an HSBC financial opinion. L’imad, a sovereign investment body in Abu Dhabi, launched a voluntary tender on August 18 to purchase the remaining shares in AD Ports, already holding 75.42%. Shareholders will receive Dh6.25 for each share tendered, representing a 23% premium to the company's closing price prior to the bid announcement and nearly 95% above its 2022 listing price of Dh3.20 per share. The acquisition would value AD Ports at approximately Dh31.8 billion. Shareholders have until September 15 to accept the offer, with the board's recommendation and HSBC's fairness opinion published in an AD Ports disclosure to the Abu Dhabi Securities Exchange. L’imad appointed HSBC Bank Middle East as its independent financial advisor after L’imad announced its intent to acquire the company. L’imad aims to build a diversified portfolio spanning energy, ports, aviation, urban development, and industrial sectors in Abu Dhabi. The company recently secured regulatory approval to fully acquire Abu Dhabi National Energy Company (Taqa), taking its stake to 100% from 98.12%, with Taqa awaiting delisting from the Abu Dhabi Securities Exchange.",
  "summary": "AD Ports Group’s board has recommended that shareholders accept L'imad’s Dh6.25-a-share offer to take full control of the Abu Dhabi ports and logistics company, following a fairness opinion from its independent financial adviser HSBC. L'imad, Abu Dhabi’s sovereign investment vehicle, through its wholly owned subsidiary ADQ, launched a voluntary tender offer on August 18 to acquire the remaining…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "AD Ports board backs L’imad’s Dh6.25-a-share bid for full control",
        "url": "https://urgent.news/2026/08/26/ad-ports-board-backs-limads-dh6-25-a-share-bid-for-full-control-3534832",
        "published": "2026-08-26T15:08:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}