Tender offer by L’IMAD Holding Company PJSC

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L’IMAD Holding Company PJSC (“L’IMAD”), through its wholly owned subsidiary Abu Dhabi Developmental Holding Company (“ADQ”), has published the Offer Document for its Voluntary Tender Offer (“VTO”) to acquire up to 100% of the issued and paid-up shares of Abu Dhabi Ports Company PJSC (“AD Ports Group”) that ADQ does not already own.

If you are a shareholder in AD Ports Group and you decide to accept the Offer, you will be entitled to receive AED 6.25 in cash for each one share you hold in AD Ports Group on transaction closing (the “Offer Price”).

The Offer Price of AED 6.25 per share represents an attractive premium of:

  • 23% premium to the share price close of AED 5.10 per share as of 14 August 2026 (the date prior to the Offer announcement)

  • 25% premium to 1-month Volume Weighted Average Price (“VWAP”) of AED 5.02 per share

  • 31% premium to 3-month VWAP of AED 4.76 per share

  • 95% premium to the IPO share price of AED 3.20 per share

Offer opening date
18 August 2026
Publication of Offer Document
18 August 2026
Offer closing date
3:00PM on 15 September 2026 (unless extended for 14 days)
Offer results announcement
16 September 2026 (unless extended for additional 14 days)
Expected Unconditional Date
Within three (3) months of the Closing Date
Payment of consideration to AD Ports Shareholders
Within 3 Business Days after the Unconditional Date
AD Ports Group Shares registered in the name of ADQ
Within 3 Business Days after the Unconditional Date
Market
ADX
Website
AD Ports
FAQs
 
Offer Document
Acceptance and Transfer Form
 
Terms and Conditions
Transfer Form To ADCSD

To make the process seamless, we’ve prepared a short video with simple steps.

Authentication

Step 1

Select Individual Investor and enter your details
Fill application

Step 2

Verify your mobile number by entering the OTP
Submit request

Step 3

Once verified, share your investor details
Transfer shares

Step 4

Select all the fields and agree to the Terms and Conditions
Transfer shares

Step 5

Transfer your shares from your brokerage account to the depository account with ADCSD. Use the ADX Mobile App or contact your broker

Alternatively, should you wish to tender your shares in person, please visit one of the participating Emirates NBD branches listed below with your valid passport or Emirates ID.

  • Abu Dhabi Khalifa Branch, Ground Floor, Al Neem Building, Shaikh Khalifa Street, Abu Dhabi

  • Abu Dhabi Main Office Branch, Ground Floor, Capital Plaza Tower, Abu Dhabi

  • Dubai Jumeirah Branch, Emirates NBD Building, Al Wasl Rd Intersection, Umm Suqeim 3, Jumeirah, Dubai

  • Al Ain Khalifa Street Branch, Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain

  • Sharjah Main Branch, Ground Floor, Emirates NBD Building, Immigration Road, Al Qassimia Area, Sharjah

The Offer Document is available on the AD Ports Group website, and you may obtain more information by telephone on 800 3623 476.

EMIRATES BRANCH Location Working Hours IPO Working Hours Contact
Dubai Jumeirah Branch Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai Monday to Thursday
(8:00 AM - 3:00 PM)
Friday
(8:00 AM - 11:30 AM)
Saturday
(8:00 AM - 3:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(8:00 AM - 11:00 AM)
Saturday
(8:00 AM - 1:00 PM) 		800 ENBD IPO
(800 3623 476)
Abu Dhabi Khalifa Branch Ground Floor, Al Neem Building, Shaikh Khalifa Street, Abu Dhabi Monday to Thursday
(8:00 AM - 3:00 PM)
Friday
(8:00 AM - 11:30 AM) 		Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(8:00 AM - 11:00 AM) 		800 ENBD IPO
(800 3623 476)
Abu Dhabi Abu Dhabi Main office Branch Ground floor, Capital Plaza tower, Abu Dhabi Monday to Thursday
(8:00 AM - 3:00 PM)
Friday
(8:00 AM - 11:30 AM)
Saturday
(8:00 AM - 3:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(8:00 AM - 11:00 AM)
Saturday
(8:00 AM - 1:00 PM) 		800 ENBD IPO
(800 3623 476)
Al Ain Al Ain Khalifa Street Branch Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain Monday to Thursday
(8:00 AM - 3:00 PM)
Friday
(8:00 AM – 11:30 AM)
Saturday
(8:00 AM - 3:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(8:00 AM - 11:00 AM)
Saturday
(8:00 AM - 1:00 PM) 		800 ENBD IPO
(800 3623 476)
Sharjah Sharjah Man Branch Ground Floor, Emirates NBD Building, Immigration Road, Al Qassimia Area, Sharjah Monday to Thursday
(8:00 AM - 3:00 PM)
Friday
(8:00 AM - 11:30 PM)
Saturday
(8:00 AM - 3:00 PM) 		Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(8:00 AM - 11:00 AM)
Saturday
(8:00 AM - 1:00 PM) 		800 ENBD IPO
(800 3623 476)

  • The Offer is being made by L’IMAD, a sovereign investor of the Government of Abu Dhabi, through its wholly-owned subsidiary Abu Dhabi Developmental Holding Company PJSC (ADQ).
  • The Offeror currently owns 75.4% of AD Ports Company PJSC (“AD Ports”).

  1. L’IMAD, through its subsidiary ADQ, has submitted an Offer Document to shareholders to acquire up to 100% of the issued and paid-up share capital of Abu Dhabi Ports not already held by ADQ.
  2. This will be through a cash offer of AED 6.25 per share.

  1. The Offer price of 6.25 per share represents an attractive premium of 23% to the last share price close of AED 5.10 as at 14 August 2026, a 25% premium to the 1-month volume weighted average price of AED 5.02 and 31% premium to the 3-month volume weighted average price of AED 4.76.
  2. The premium versus AD Ports’ listing share price of AED 3.20, in February 2022, is 95%.