Tag Archives: AD Ports Group

AD Ports Group Signs Framework Agreement with Egyptian Government to Explore Building First-of-its-Kind Industrial Zone in East Port Said

Cairo, Egypt / Abu Dhabi, UAE – 21 November 2024:  AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), announced today the signing of a framework agreement with the Egyptian government to explore building, operating and transferring an economic zone in East Port Said.

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AD Ports Group Delivers Record Revenue of AED 4.66 billion in Q3 2024

AD Ports Group Delivers Record Revenue of AED 4.66 billion and Total Net Profit of AED 445 million in Q3 2024; Turns Free Cash Flow Positive for the Quarter

  • For the first time since listing, AD Ports Group turned free cash flow positive on a quarterly basis amidst continued EBITDA growth acceleration, higher cash conversion, and lower CapEx spend
  • Double-digit LFL revenue and EBITDA growth for Ports, EC&FZ, Maritime & Shipping, and Logistics
  • Strong operational performance across the board
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AD Ports Group and Pakistan Government Sign Four Memoranda of Understanding to Explore Enhancing Trade, Transport and Logistics Infrastructure

H.E. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade: “The UAE and Pakistan have long-standing strategic relations, with a common will to commence a new phase of prosperity in trade and investments”.

Islamabad, Pakistan / Abu Dhabi, UAE – 8 November 2024: AD Ports Group (ADX: ADPORTS), an enabler of integrated trade, transport and logistics solutions, signed four Memoranda of Understanding (MOU) today with the Government of Pakistan to explore transportation opportunities in the maritime, air and rail sectors as well as logistics and digital services.

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AD Ports Group Signs Agreements to Refinance USD 2.25 Billion Debt, Cutting Future Borrowing Costs

  • Longer debt maturities at low margin positions the Group to benefit from declining interest rates
  • Lower spreads will yield up to AED 44 million in savings over the next 12 months

Abu Dhabi, UAE – 20 September 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), has signed agreements with two UAE banks to refinance its syndicated loan of USD 2.25 billion at more favourable terms, which would enable the Group to save up to AED 44 million (USD 12 million) in finance costs over the next 12 months.

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AD Ports Group achieved significant progress in advancing its sustainability agenda in 2023

  • Annual Sustainability Report shares Group ESG performance with stakeholders
  • Reduced environmental impact of operations through efficiency gains, energy savings, decarbonisation efforts

Abu Dhabi, UAE – 19 September 2024: AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), announced today the release of its 2023 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, demonstrating its proactive and forward-thinking approach to addressing global sustainability challenges.

The report reflects AD Ports Group commitment, as a listed entity on the Abu Dhabi Securities Exchange, to sharing performance with stakeholders and transparency in operations. As a key player in the maritime, industrial, and logistics sectors, the Group’s initiatives align with UN Sustainable Development Goals (SDGs) and sustainability objectives set by Abu Dhabi and the UAE.

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