Noatum, the Spanish maritime services company and port management of the UAE AD Ports group, will expand its reach to the Egyptian market by acquiring a share of majority of the capital of the Safina shipping agency which has its headquarters in Cairo and offers services in 15 Egyptian ports, including Sokhna, Adabiya, Damietta, Port Said and Alexandria, as well as ships in transit through the Suez Canal.

Noatum expects the acquisition to be completed in the third quarter of this year and announced that the company Egyptian will be renamed Noatum Maritime Egypt.