Abu Dhabi Ports Company PJSC

Ticker/ISIN
ADPORTS
AEA004601018
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
5.88 AED
2024-02-21

Year to date

-0.08 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Company was incorporated in 2006 and specializes in the following: a. Own, rent, operate, maintain, manage and develop all ports, docks, harbors, wharfs, waterways, bridges, water barriers, infrastructure and related constructions in the Emirate of Abu Dhabi, (except for those used by oil installations, companies, and armed forces, and the ownership of the land on which Port Zayed is located). b. Supervise port services carried out by companies and concerned authorities, including procedures for loading and unloading goods, port and ship services, ship catering, warehouses, storage, and other services. c. Establish and provide ports with technical and administrative services, in accordance with the required international regulations, standards and efficiency. d. Impose and collect fees for services from the beneficiaries of port services, docks, harbors, docks, waterways, bridges, water barriers, infrastructure and related constructions in the Emirate of Abu Dhabi in accordance with international regulations, regulations and decisions issued by the competent government department. e. Cooperate with other government agencies operating in the ports and provide the necessary assistance and facilities to them. f. Conduct studies related to the projects of planning, and developing ports in the Emirate of Abu Dhabi and submitting the same to the competent government department for approval. g. Establish, manage and develop industrial, commercial and service non-financial free zones on lands granted or allocated by the government to the Company in accordance with a plan approved by the Abu Dhabi Executive Council.

Latest Pressrelease Summaries

Abu Dhabi Ports Company PJSC
On 4 July 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference at 11 a.m. During the meeting, the following resolutions were made: 1. H.E. Mohamed Hassan Alsuwaidi was elected as the Chairman of the Board of Directors. 2. The reconstitution of the Company's Board Committees was approved as follows: - Audit, Risk, and Compliance Committee: - Jasim Thabit (Chairperson) - Mohamed Al Hammadi (Member) - Renzo Bravo (Member) - Nomination and Remuneration Committee: - Mansour Al Mulla (Chairperson) - Najeeba Al Jabri (Member) - Renzo Bravo (Member)
Abu Dhabi Ports Company PJSC
The Board of Directors of Abu Dhabi Ports Company PJSC will hold a meeting via video conference at 11 a.m. on Thursday, 4 July 2024. The agenda includes electing a new Chairman of the Board, considering and approving the reconstitution of the Board's committees, and discussing general matters related to the company's activities and projects. The notice is signed by Emil Pellicer, General Counsel, and a copy has been sent to the Securities and Commodities Authority.
Abu Dhabi Ports Company PJSC
AD Ports Group has signed a definitive concession agreement with the Red Sea Ports Authority to develop, operate, and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports in Egypt. The group will invest USD 4.7 million over the next 15 years, with the terminals expected to be operational by 2025. This initiative aims to enhance cruise services, improve access for operators, and introduce new itineraries in the Red Sea region, thereby boosting cruise tourism and passenger experiences. Additionally, AD Ports Group has initialled two 30-year concession agreements with the General Authority of the Suez Canal Economic Zone for the development, management, and operation of a Ro-Ro terminal and a cruise terminal at Sokhna Port. The agreements were signed in Cairo with notable dignitaries in attendance, including Egypt’s Prime Minister and the UAE Ambassador to Egypt. The initiatives are part of AD Ports Group's commitment to enhancing the cruise tourism sector and strengthening UAE-Egypt bilateral ties.
Abu Dhabi Ports Company PJSC
The Abu Dhabi Securities Exchange has issued a notice regarding a circular resolution by the Board of Directors of Abu Dhabi Ports Company PJSC. Following the resignation of H.E. Falah Mohammad Al Ahbabi from the Board, a resolution will be circulated at 6 PM on Tuesday, June 4, 2024, to appoint a new board member to fill the vacant position. The notice is signed by Emil Pellicer, General Counsel, and a copy has been sent to the Securities and Commodities Authority.
Abu Dhabi Ports Company PJSC
On May 30, 2024, Abu Dhabi Ports Company PJSC announced the resignation of non-executive, independent board member Falah Mohammed Al Ahbabi, effective the same day, due to personal reasons. The announcement was authorized by Group General Counsel Emil Pellicer.
Abu Dhabi Ports Company PJSC
AD Ports Group has appointed Al Ramz Capital as a liquidity provider for its shares listed on the Abu Dhabi Securities Exchange. The agreement aims to improve the trading of AD Ports Group shares by maintaining tight bid/ask spreads, enhancing traded volumes, reducing volatility and the overall illiquidity risk of the stock. Al Ramz Capital will begin trading AD Ports Group shares from 16th May 2024 following regulatory approvals.
Abu Dhabi Ports Company PJSC
AD Ports Group began 2024 with a notable financial and operational performance in Q1. The group's revenue more than doubled year-on-year (YoY) to AED 3.89 billion, and its EBITDA increased by 49% YoY to AED 1.04 billion. The EBITDA margin was 26.7%, and profit before tax and minorities reached AED 462 million, a 27% YoY increase. Total net profit was AED 400 million, up by 10% YoY, and net profit after minorities was AED 314 million, a 5% YoY decrease. The group spent AED 1.27 billion on growth capital expenditure (CapEx) in Q1 2024. Operating cash flow more than doubled to AED 781 million, but free cash flow remained negative at AED 2.01 billion due to payments for several mergers and acquisitions and organic growth CapEx. The group's revenue and EBITDA growth were driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters, as well as the effects of mergers and acquisitions.
Abu Dhabi Ports Company PJSC
The document provides a review report and summarized consolidated financial information for Abu Dhabi Ports Company PJSC. The data covers the first three months of the fiscal year, ending on 31 March 2024.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC Board Meeting Results held on 04/07/2024 at 11:00

On 4 July 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference at 11 a.m. During the meeting, the following resolutions were made: 1. H.E. Mohamed Hassan Alsuwaidi was elected as the Chairman of the Board of Directors. 2. The reconstitution of the Company's Board Committees was approved as follows: - Audit, Risk, and Compliance Committee: - Jasim Thabit (Chairperson) - Mohamed Al Hammadi (Member) - Renzo Bravo (Member) - Nomination and Remuneration Committee: - Mansour Al Mulla (Chairperson) - Najeeba Al Jabri (Member) - Renzo Bravo (Member)

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC Announcement of Board Meeting to be held on 04/07/2024 at 11:00

The Board of Directors of Abu Dhabi Ports Company PJSC will hold a meeting via video conference at 11 a.m. on Thursday, 4 July 2024. The agenda includes electing a new Chairman of the Board, considering and approving the reconstitution of the Board's committees, and discussing general matters related to the company's activities and projects. The notice is signed by Emil Pellicer, General Counsel, and a copy has been sent to the Securities and Commodities Authority.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: AD Ports Group and Red Sea Port Authority Sign Three Concession Agreements to Strengthen Egypt’s Cruise Tourism Sector at Safaga, Hurghada and Sharm El Sheikh Ports

AD Ports Group has signed a definitive concession agreement with the Red Sea Ports Authority to develop, operate, and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports in Egypt. The group will invest USD 4.7 million over the next 15 years, with the terminals expected to be operational by 2025. This initiative aims to enhance cruise services, improve access for operators, and introduce new itineraries in the Red Sea region, thereby boosting cruise tourism and passenger experiences. Additionally, AD Ports Group has initialled two 30-year concession agreements with the General Authority of the Suez Canal Economic Zone for the development, management, and operation of a Ro-Ro terminal and a cruise terminal at Sokhna Port. The agreements were signed in Cairo with notable dignitaries in attendance, including Egypt’s Prime Minister and the UAE Ambassador to Egypt. The initiatives are part of AD Ports Group's commitment to enhancing the cruise tourism sector and strengthening UAE-Egypt bilateral ties.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC Board Meeting Results held on 04/06/2024 at 18:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: AD Ports Group Signs a Joint Venture with Adani Ports and East Harbour Terminals Limited, Marking its Entry into Tanzania

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC By Circulation of Board Meeting to be held on 04/06/2024 at 18:00

The Abu Dhabi Securities Exchange has issued a notice regarding a circular resolution by the Board of Directors of Abu Dhabi Ports Company PJSC. Following the resignation of H.E. Falah Mohammad Al Ahbabi from the Board, a resolution will be circulated at 6 PM on Tuesday, June 4, 2024, to appoint a new board member to fill the vacant position. The notice is signed by Emil Pellicer, General Counsel, and a copy has been sent to the Securities and Commodities Authority.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Disclosing the Resignation of a Board Member

On May 30, 2024, Abu Dhabi Ports Company PJSC announced the resignation of non-executive, independent board member Falah Mohammed Al Ahbabi, effective the same day, due to personal reasons. The announcement was authorized by Group General Counsel Emil Pellicer.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: AD Ports Group Appoints Al Ramz Capital as Liquidity Provider

AD Ports Group has appointed Al Ramz Capital as a liquidity provider for its shares listed on the Abu Dhabi Securities Exchange. The agreement aims to improve the trading of AD Ports Group shares by maintaining tight bid/ask spreads, enhancing traded volumes, reducing volatility and the overall illiquidity risk of the stock. Al Ramz Capital will begin trading AD Ports Group shares from 16th May 2024 following regulatory approvals.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC Press Release on the Financial Results for the Period Ended March 31,2024

AD Ports Group began 2024 with a notable financial and operational performance in Q1. The group's revenue more than doubled year-on-year (YoY) to AED 3.89 billion, and its EBITDA increased by 49% YoY to AED 1.04 billion. The EBITDA margin was 26.7%, and profit before tax and minorities reached AED 462 million, a 27% YoY increase. Total net profit was AED 400 million, up by 10% YoY, and net profit after minorities was AED 314 million, a 5% YoY decrease. The group spent AED 1.27 billion on growth capital expenditure (CapEx) in Q1 2024. Operating cash flow more than doubled to AED 781 million, but free cash flow remained negative at AED 2.01 billion due to payments for several mergers and acquisitions and organic growth CapEx. The group's revenue and EBITDA growth were driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters, as well as the effects of mergers and acquisitions.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Ports Company PJSC

Disclosures: Abu Dhabi Ports Company PJSC Financial Results for the Period Ended March 31,2024

The document provides a review report and summarized consolidated financial information for Abu Dhabi Ports Company PJSC. The data covers the first three months of the fiscal year, ending on 31 March 2024.

1. Attached Document

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