{
  "id": 6249117,
  "title": "L’imad clears way for full ownership of AD Ports",
  "url": "https://urgent.news/2026/09/08/limad-clears-way-for-full-ownership-of-ad-ports",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T07:04:11.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/markets/2026/09/08/limad-clears-way-for-full-ownership-of-ad-ports/"
  },
  "original_language": "en",
  "account": "L'Imad, Abu Dhabi’s investment firm, has finalized all necessary conditions to pursue its offer to acquire up to 100% of AD Ports Group. ADQ, a wholly-owned subsidiary of L'Imad, is selling its unsold shares at Dh6.25 per share. The firm currently holds 75.42% of the company and initiated a voluntary tender offer on August 18 to purchase the remaining shares. On Tuesday, AD Ports confirmed that L'Imad and ADQ have satisfied all offer conditions, excluding the customary notifications to relevant authorities. The deal is projected to be completed by October 9, 2026. This acquisition will grant L'Imad complete ownership of AD Ports, enabling the company to pursue long-term strategies such as investments and acquisitions, free from the limitations of public market constraints. AD Ports manages around 40 terminals in the UAE and operates in over 50 global markets. The firm appointed HSBC Bank Middle East as its independent financial advisor after L'Imad announced its intention to buy the company. L'Imad views the offer as an opportunity for shareholders to secure immediate value while facilitating AD Ports' long-term growth prospects, including potential acquisitions. This move is part of L'Imad's strategy to build a diversified portfolio across various sectors, including energy, logistics, aviation, urban development, and industrial fields. L'Imad was established last year and continues to expand its holdings. In July, Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, approved L'Imad’s investment and operational strategy for strategic sectors. Last month, L'Imad completed its acquisition of Abu Dhabi National Energy Company, Taqa, taking its stake to 100% from 98.12%. Taqa is awaiting regulatory approval to delist from the Abu Dhabi Securities Exchange. L'Imad also holds a substantial stake in Abu Dhabi real estate developer Modon Holding. Meanwhile, AD Ports reported an 86% increase in its second-quarter net profit, driven by its ability to diversify trade routes away from the Iran-blocked Strait of Hormuz. The company’s net profit for the three-month period amounted to Dh596.7 million.",
  "summary": "Abu Dhabi’s sovereign investment vehicle L’imad has cleared all key conditions required to proceed with its voluntary cash offer to acquire up to 100 per cent of AD Ports Group. ADQ , a wholly owned subsidiary of L’imad, is offering Dh6.25 ($1.70) per share for AD Ports shares it does not already own. L’imad, through ADQ, already owns 75.42 per cent of the company and launched a voluntary tender…",
  "key_points": [
    "L Imad completes conditions to acquire full ownership of AD Ports.",
    "AD Ports to be fully owned by L Imad by October 9, 2026.",
    "Deal aims to free AD Ports from public market constraints for long-term growth."
  ],
  "editors_take": "This acquisition enables L Imad to steer AD Ports' long-term strategies, including investments and acquisitions, without public market constraints, aligning with its goal of building a diversified portfolio across sectors.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "L’IMAD’s AD Ports offer clears key conditions, settlement due by October 9",
        "url": "https://urgent.news/2026/09/08/limads-ad-ports-offer-clears-key-conditions-settlement-due-by-october",
        "published": "2026-09-08T04:53:49.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "L’imad clears way for full ownership of AD Ports",
        "url": "https://urgent.news/2026/09/08/limad-clears-way-for-full-ownership-of-ad-ports-6249821",
        "published": "2026-09-08T07:04:11.000Z"
      }
    ]
  },
  "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."
}