AD Ports Group is in the process of refinancing its AED9.2 billion ($2.5 billion) loan nearly a year ahead of its maturity, securing more favourable terms.
The listed ports operator confirmed that the refinancing arrangement has been obtained from First Abu Dhabi Bank and Emirates NBD in a statement filed with the Abu Dhabi Securities Exchange (ADX).
The newly structured facility has a three-year tenure, with maturity set for March 2029. Additionally, the lenders have extended an option for a top-up facility worth AED3 billion.
Beyond lowering financing costs, the agreement provides AD Ports with greater flexibility to actively manage its debt position, according to chief financial officer Martin Aarup.
He further noted that the company retains the option to refinance again at more competitive rates should interest rates decline.
Company results for 2025 indicate that financing costs surpassed AED1 billion during the year, reflecting a slight decrease compared to 2024.
Net profit for 2025 climbed 16 percent to AED2.1 billion, while revenue recorded a 20 percent year-on-year increase, reaching AED21 billion.
The company has earmarked AED2.5 billion for port infrastructure development this year, with nearly half allocated towards liquefied petroleum gas and liquefied natural gas storage facilities.
AD Ports is majority-owned, with a 75.42 percent stake held by ADQ, an entity under Abu Dhabi’s sovereign wealth fund L’imad.
On Wednesday, the company’s shares advanced 11 percent to close at AED4.30 on ADX, although the stock remains down 10 percent since the start of the year.
