Tag Archives: AD Ports Group

AD Ports Group Commits toSustainable Approach in theDevelopment ofMulti-Purpose Terminal at Safaga Port, Egypt

AD Ports Group Commits toSustainable Approach in theDevelopment ofMulti-Purpose Terminal at Safaga Port, Egypt

Safaga, Egypt/ Abu Dhabi, UAE –28December 2023: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industryhas completed a comprehensive environmental and social impact assessment (ESIA), as part of their 30-year concession agreement with the Red Sea Port Authority (RSPA) for the development and operation of a state-of-the-art multi-purpose terminal at Safaga Port.

The ESIA was conducted using diverse scientific methodologies, complying with Egypt’s national regulations and International Requirements, including Egypt’s Law No. 4 of 1994 for environmental protection, the IFC Performance Standards, and the World Bank Group’s EHS Guidelines.

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AD Ports Group and RSPA Sign Definitive Concession Agreement

In the presence of Egypt’s Prime Minister

AD Ports Group and RSPA Sign Definitive Concession Agreement to Develop and Operate Multipurpose Terminal in Safaga Port

Capt. Mohamed Juma Al Shamisi: This is a significant milestone in line with the vision of the wise leadership to strengthen trade ties between UAE and Egypt.

Cairo, Egypt/ Abu Dhabi, UAE – 27 December 2023: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry,has today announced that it has signed adefinitive concession agreementwith the Red Sea Ports Authority (“RSPA”) for the development and operation of a multi-purpose terminal at Safaga Sea Port. Following the Government of Egypt’s approval, thissignificant milestone reaffirms the strong trade ties between the United Arab Emirates and the Arab Republic of Egypt.

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AD Ports Group Sustains Excellence with We Invest in People Platinum Accreditation

AD Ports Group Sustains Excellence with We Invest in People Platinum Accreditation

Accreditation acknowledges clarity of vision and high-performing culture that consistently prioritises a healthy and highly productive work environment

Abu Dhabi, UAE –20December 2023: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industryhas proudly announced that it has, once again, achieved the prestigious platinum accreditation from Investors in People® (IIP) and will hold this accreditation for 3 years.This remarkable achievement marks the second consecutive time the Group has been awarded this global recognition, reinforcing itsposition as a global leader, consistently demonstrating an unwavering commitment to its people and sustainable practices in human capital management.

AD Ports Group was the first in the Middle East to achieve IIP’s Platinum Accreditation in 2019, a recognition that today is held by a mere 6% of IIP accredited organisations globally.A testament to AD Ports Group’s dedication to creating a dynamic, high-performing culture that fosters success, growth, and trust, this repeat accomplishment not only highlights the Group’s commitment to excellence, but also its ability to maintain and elevate standards in a constantly evolving corporate landscape.

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AD Ports Group Certified a Great Place to Work® for Commitment to Investing in Employees Success and Excellence

AD Ports Group Certified a Great Place to Work® for Commitment to Investing in Employees Success and Excellence

Abu Dhabi, UAE – 29 November 2023: AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, has been certified a Great Place to Work® after a thorough and independent analysis conducted by Great Place to Work® Middle East.

Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Assessing over 20,000 companies across 97 countries, providing the definitive benchmarks, framework, and expertise needed to recognise outstanding workplace cultures

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AD Ports Group Delivers Record Q3 2023 Results with Net Profit of AED 403 Million, up 20% YoY

AD Ports Group Delivers Record Q3 2023 Results with Net Profit of AED 403 Million, up 20% YoY

  • Q3 2023 Revenue grew by 189% YoY to AED 4.24 billion, driven by Noatum consolidation as well as the Maritime & Shipping and EC&FZ clusters (+113% YoY on a LFL basis)
  • Q3 2023 EBITDA increased 28% YoY to AED 759 million (+2% on a LFL basis), implying an EBITDA margin of 17.9%
  • Q3 2023 Total Net Profit increased 20% YoY to AED 403 million
  • Continued strong volume growth: +19% YoY for Container volumes, +25% YoY for General Cargo volumes, +651% YoY for Ro-Ro volumes, +30% YoY for Feedering Container volumes, +5% YoY and -28% YoY for Ocean and Air Freight volumes, and +10% YoY for Polymers volumes
  • In EC&FZ, 0.4 sq km (net) of new land leases were added during the quarter while warehouse leases soared 66% YoY
  • Freight rates normalised close to pre-COVID19 levels in H1 2023 and have been consolidating since then, although better-than-expected global macro data and renewed geopolitical tensions have resulted in pockets of strengths lately
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