IMAD Holding Company PJSC, Abu Dhabi's sovereign wealth fund, has submitted an offer to acquire the entire share capital of the port, maritime and logistics group AD Ports, of which it owns already a share of 75.42% of the total. The acquisition would take place through the wholly-owned subsidiary Abu Dhabi Developmental Holding Co.

The offer is based on a price of 6.25 dirhams per each share, which represents a 23% premium to at the last closing price of 5.10 dirhams on the Abu Dhabi Stock Exchange where the shares of AD Ports are listed, valuing the company 31.8 billion dirhams ($8.7 billion).

Currently, the port network of AD Ports consists of mainly from 34 terminals operated by Abu Dhabi Ports, which operates ports and terminals in the United Arab Emirates, and Noatum Ports, which oversees the Group's international terminal portfolio. In the maritime sector, a cluster led by Noatum Maritime, the Group has a fleet of over 300 vessels, while in the The logistics department, led by Noatum Logistics, has 95 offices in 26 nations.