Tag Archives: AD Ports Group

AD Ports Group Completes Restructuring of Noatum Group Assets

Abu Dhabi, UAE – 25 December 2024:  AD Ports Group, a leading enabler of global trade, logistics and industry (ADX: ADPORTS), today announced the completion of the biggest restructuring in its corporate history, integrating the assets of recently acquired Noatum Group into its existing business structure.

The integration of Barcelona-based Noatum Group, a vertically integrated provider of global logistics services with activities in 32 countries and 16 terminals in Spain, is designed to leverage Noatum’s international brand equity and solidify AD Ports Group’s corporate structure while pursuing its international expansion strategy.

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AD Ports Group Secures Refinancing and Upsizing of Revolving Credit Facility to USD 2.125 Billion

Abu Dhabi, UAE – 20 December 2024:  AD Ports Group, the leading facilitator of global trade, logistics and industry (ADX: ADPORTS), has successfully refinanced and upsized its existing Revolving Credit Facility (RCF) from USD 1 billion to USD 2.125 billion (equivalent in AED and USD tranches). This move aims to optimise the Group’s financing costs by improving interest margins and extending the maturity of the RCF from 2026 to 2028, with an option to extend further until 2030.

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AD Ports Group Appoints Egypt’s Hassan Allam Construction to Build Noatum Ports – Safaga Terminal Infrastructure

Cairo, Egypt / Abu Dhabi, UAE  – 18 December 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics and industry, today appointed Hassan Allam Construction, Hassan Allam Holding’s flagship subsidiary and one of the leading contractors in Egypt and the MENA region, to build the infrastructure of Noatum Ports – Safaga Terminal on Egypt’s Red Sea coast, which will be the first internationally operated port terminal in Upper Egypt region.

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AD Ports Group Assigned New A1 Credit Rating by Moody’s Ratings

Abu Dhabi, UAE – 10 December 2024: AD Ports Group (ADPORTS:ADX), an enabler of integrated trade, transport and logistics solutions, announced today that it has received an initial A1 credit rating with a stable outlook from Moody’s Ratings (Moody’s), the international credit ratings agency, reflecting the Group’s strong financial performance and robust growth prospects.

AD Ports Group’s A1 long-term issuer rating reflects the company’s Baseline Credit Assessment (BCA) of Baa2 and the Government of Abu Dhabi majority ownership through ADQ.

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