AD Ports board backs L’imad’s Dh6.25-a-share bid for full control | The National

Khalifa Port Container Terminal is operated by AD Ports. Ravindranath K / The NationalShow caption: Khalifa Port Container Terminal is operated by AD Ports. Rav…L’imad is seeking full control of the Abu Dhabi ports operatorThe NationalAugust 26, 2026

L'imad is seeking full control of AD Ports, offering Dh6.25 a share for the 24.58% it does not already own through ADQ.

The offer values AD Ports at about Dh31.8 billion, with the cash price representing a 23% premium to the pre-bid share price and about 95% above its 2022 IPO price.

AD Ports’ board has recommended the offer after independent financial adviser HSBC issued a fairness opinion; shareholders have until Sept. 15 to accept.

The bid is part of L'imad’s broader consolidation of Abu Dhabi assets, following its recent acquisition of full control of Taqa and stake-building in Modon.