Tag Archives: AD Ports Group

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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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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