Noatum, a subsidiary of AD Ports Group, has obtained a majority share in Safina BV, a maritime agency and cargo services provider operating in Egypt and throughout the Middle East.
This strategic development represents a major achievement for Noatum Maritime, enhancing its position in the Mediterranean and Middle East regions.
The purchase of Safina aligns with the company’s wider expansion plans, following its recent entry into the Turkish market and the signing of concession agreements by AD Ports Group for the management of cruise and Ro-Ro terminals at key Egyptian ports, including Safaga, Hurghada, Sharm El Sheikh, and Sokhna.
With over forty years of experience, Safina is a leading figure in Egypt’s maritime sector, offering extensive agency services to the metals, minerals, and fertilisers industries.
The company operates from six key locations, including its Cairo headquarters, and serves 15 Egyptian ports across both the Mediterranean and Red Sea areas.
Noatum extends its regional presence
Terry Gidlow, CEO of Noatum Maritime, commented, “This move strengthens our presence in crucial markets and allows us to enhance our service offerings across Egypt, the Middle East, and North Africa. By utilising Safina’s local knowledge, we aim to improve our operations, reinforce customer relationships, and promote sustainable growth.”
Safina will be rebranded as Noatum Maritime Egypt. The company’s founders will retain a minority interest and continue to support its development under the new brand.
AD Ports Group operates in over 50 countries and boasts a comprehensive portfolio that includes 33 terminals.
