AD Ports Group announced that it has agreed to divest its 9.77 per cent stake in NMDC Group to Alpha Dhabi Holding for AED1.6 billion (US$436 million).
The stake was initially transferred to AD Ports by Abu Dhabi Developmental Holding Company (ADQ) prior to NMDC Group’s listing in February 2022.
The investment has delivered a total shareholder return of 17 per cent in under four years, based on dividends received and capital gains calculated using the Q3 2025 book value.
The sale supports AD Ports Group’s plan to monetise non-core assets when market conditions are favourable. It is the company’s third disposal this year, following the sale of land in Khalifa Economic Zones Abu Dhabi (KEZAD) to Mira Developments and the sale of two logistics warehouses in KEZAD to Aldar Properties.
Proceeds from the transaction will be directed towards debt reduction and reinvestment in higher-yield projects. As of 30 September, AD Ports Group reported net debt of AED17 billion.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said the agreement reflects the company’s focus on disciplined asset management and value creation, with the proceeds strengthening its financial and capital position. He noted that the group will continue managing its asset base to maximise value, enhance customer service, and support its mission of enabling trade.
Hamad Salem Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said the acquisition reinforces the company’s commitment to investing in influential industrial sectors that align with Abu Dhabi’s wider economic and sustainability priorities. He highlighted that their strategy targets scalable opportunities that balance growth and environmental responsibility.
Following the acquisition, Alpha Dhabi’s ownership in NMDC Group will increase to around 77 per cent. The deal follows AD Ports Group’s sale of land in KEZAD’s Al Mamourah district to Mira Developments for AED2.47 billion in October, and the disposal of two purpose-built logistics warehouses in KEZAD to Aldar Properties for AED570 million earlier in November.
