AD Ports Group Holds Stakes in Aramex and NMDC

Press release
Published February 3rd, 2022 - 05:46 GMT

AD Ports Group Holds Stakes in Aramex and NMDC
Abu Dhabi Ports Company
Highlights
AD Ports Group, part of ADQ, an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises, confirmed that it now owns stakes in two leading enterprises. 

AD Ports Group, part of ADQ, an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises, confirmed that it now owns stakes in two leading enterprises. 
AD Ports Group now holds a 22.32% stake in logistics firm Aramex PJSC (“Aramex”) and a 10% stake in UAE-based contractor National Marine Dredging Company PJSC (“NMDC”), which specialises in engineering, procurement, construction and marine dredging. 
With more than 600 offices in over 65 countries worldwide, Aramex is a global provider of logistics and transportation solutions, while NMDC is a marine industry leader, capable of operating and delivering major projects anywhere in the world.
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “These two leading companies provide a strong strategic fit with AD Ports Group’s vision to develop the maritime and logistics industries across the region and globally. 
Given the international scope of both Aramex’s and NMDC’s operations, we are confident that there will be significant opportunities for collaboration and growth when aligned with AD Ports Group’s diverse, integrated business model.”
 

Background Information

Abu Dhabi Ports Company

Abu Dhabi Ports Company (ADPC) is a master developer and regulator of ports and industrial zones. The objective of ADPC is to act as an enabler for development and trade and facilitate its contribution to the diversification of the national economy. In doing so, it will provide its customers and stakeholders with the highest levels of service in a responsive and transparent manner.

ADPC was established in March 2006 by Emiri Decree No. 6 of 2006 in the Emirate of Abu Dhabi as part of the restructuring of the commercial ports sector in the Emirate and was given control and regulatory enforcement power over all commercial ports assets previously owned by the Abu Dhabi Seaports Authority (ADSA).

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