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Abu Dhabi Developmental to Lift AD Ports Stake Over 98%
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01:03 AM EDT, 09/16/2026 (MT Newswires) -- Abu Dhabi Developmental Co. secured acceptances for more than 23.08% of Abu Dhabi Ports (ADX:ADPORTS), d/b/a AD Ports Group's, issued and paid-up share capital under its voluntary cash offer. The acceptances will increase Abu Dhabi Developmental's stake in the port and industrial zones developer to above 98.5% from 75.42% upon settlement. ADQ offered 6.25 Emirati dirhams per share for the stock it did not already hold, according to a Tuesday release. All key offer conditions have been met, except for customary notifications to the Capital Market Authority and Abu Dhabi Securities Exchange. Settlement is expected by Oct. 9.
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