A Significant Proposal for Total Ownership

L’IMAD recently announced its intention to make a voluntary conditional cash offer. The sovereign investor seeks to acquire up to 100% of AD Ports Group. The proposed transaction involves L’IMAD’s wholly owned subsidiary, ADQ. ADQ currently owns 75.42% of the issued share capital of AD Ports Group. The offer targets the AD Ports Group shares not already held by ADQ. Completing the offer would give L’IMAD total ownership through ADQ. This represents a notable step in regional corporate consolidation.

Outlining the Financial Terms of the Offer

L’IMAD set the proposed cash offer price at Dh6.25 per share. This price represents a 23% premium to AD Ports Group’s last closing share. The offer sits 25% above the one-month volume-weighted average price. It also marks a 31% premium above the three-month volume-weighted average price. The proposed offer represents a 95% premium compared to the original subscription. AD Ports Group listed on the Abu Dhabi Securities Exchange in February 2022. Investors are watching these financial figures closely.

Pending Regulatory Approvals and Next Steps

L’IMAD formally announced its intention on the Abu Dhabi Securities Exchange. The proposed transaction remains strictly subject to necessary regulatory approvals. AD Ports Group will publish an official offer document in due course. This detailed document will outline the full terms and conditions carefully. It will also provide the specific timeline for the offer process. The market continues to observe the progress of this significant financial maneuver. Corporate leaders expect a smooth transition if shareholders approve.

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