"Abu Dhabi Ports" It achieved 1.6 billion dirhams from the sale of its stake in the group "NMDC" to "Alpha Dhabi Holding"
ABU DHABI, 27 November / WAM / Abu Dhabi Ports Group announced today the completion of a successful deal to sell its 9.77% stake in NMDC Group PJSC to Alpha Dhabi Holding Company, with a total value of 1.6 billion dirhams ($436 million).
Abu Dhabi Ports Group had acquired its stake in the NMDC Group from ADQ prior to its listing in February 2022.
In less than four years, this financial investment achieved a total return to shareholders of 17%, based on distributed dividends and capital gains, and based on book value until the third quarter of 2025.
This step comes within the framework of Abu Dhabi Ports Group’s approach based on active management of its growing investment portfolio across all sectors, and its strategy aimed at monetizing non-core assets and achieving the best returns from them whenever appropriate opportunities become available.
This transaction represents the third deal within the group’s program to monetize assets, specifically following the agreement to sell land in the Khalifa Economic Zones Abu Dhabi (KIZAD) to the “Mira Development” company, and the agreement to sell two warehouses in Kizad to the “Aldar Properties” company.
Similar to the two aforementioned agreements, the proceeds of the NMDC Group deal will be directed towards reducing balance sheet debt and recycling capital into projects that achieve higher returns, as the Abu Dhabi Ports Group recorded during the period ending on September 30 a net debt of 17.0 billion dirhams.
Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group, said on this occasion that the share sale agreement concluded with Alpha Dhabi Company comes as an embodiment of Abu Dhabi Ports Group’s firm commitment to the smart management of its assets and its strategy to maximize value, as the proceeds from the deal will contribute to strengthening the financial position and capital structure of the group.
He added that, in line with the directives of the wise leadership of the state, the group continues to manage its asset portfolio with high efficiency, and harness its financial capabilities in order to achieve added value for shareholders, enhance the level of services provided to its customers, and support its efforts in enabling trade. In the future, the group will continue its approach based on achieving the highest value.
For his part, Engineer Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, said that this strategic acquisition is a clear embodiment of the company’s firm commitment to investing in high-impact industrial sectors, in line with the objectives of Abu Dhabi’s industrial strategy and the vision of economic diversification.
He explained that Alpha Dhabi Holding’s strategy is based on monitoring and developing viable opportunities, in line with national priorities and global trends, and at the same time achieving a balance between industrial growth and environmental responsibility, while ensuring the empowerment of all segments of society and enhancing their participation in the process of sustainable development.
NMDC’s share represents the third deal to sell non-core assets executed by Abu Dhabi Ports Group during this year.
In October 2025, the group announced the signing of an agreement with Mira Development Company to sell land, with the aim of establishing one of the largest mixed-use projects in the Al Mamoura area in Abu Dhabi, in a deal worth 2.47 billion dirhams (673 million US dollars).
On November 11, the group announced the sale of two warehouses designed according to the requirements of investors in Kizad to Aldar Properties, with a total value of 570 million dirhams (155 million US dollars).
With Alpha Dhabi Holding’s acquisition of Abu Dhabi Ports Group’s share in NMDC, its ownership in the group will rise to about 77%.
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