AD Ports Group announced on Thursday that the company has decided to sell its 9.77 percent stake in NMDC Group to Alpha Dhabi Holding for Dhs1.6 billion ($436 million).
The investment has produced a total shareholder return of 17 per cent based on dividends received and capital increase using book value as of Q3 2025 as a reference, in less than four years.
The divestment offers the aspects of AD Ports Group monetizing the non-core assets in favorable market conditions.
This is the third non-core sale of the company this year, after it sold land in Khalifa Economic Zones-Abu Dhabi (KEZAD) to Mira Developments and the sale of two logistics warehouses in KEZAD to Aldar Properties.
The company reported that the proceeds of the transaction will be utilized in order to pay down debt and redeploy capital into more profitable projects. AD Ports Group stated that the net debt of Dhs17 billion as of September 30.
MD and Group CEO, Captain Mohamed Juma Al Shamisi, said that “This agreement with Alpha Dhabi is a result of the group’s durable commitment to intelligently managing its assets and value creation strategies, with the proceeds strengthening the group’s financial position and capital structure.”
He also stated that “Under the wise guidance of our leadership in the UAE, AD Ports Group is focused on efficiently managing its asset portfolio and deploying its financial strengths to increase shareholder value, enhance the services delivered to our customers, and fulfil our primary mission of enabling trade. In the future, we will continue to actively manage our asset base to unlock and maximise value.”
MD and group CEO of Alpha Dhabi Holding, Hamad Salem Al Ameri, added that “underscores our commitment to investing in high-impact industrial verticals that support Abu Dhabi’s diversity and inclusion agenda”, citing that the strategy concentrates on scalable opportunities in line with national priorities and balances between industrial development and environmental responsibility.
Under the purchase, Alpha Dhabi’s holding in NMDC Group will increase to 77 percent. AD Ports Group sold land in the Al Mamourah district of KEZAD to Mira Developments for Dhs2.47 billion in October.
However, it has accomplished the sale of two built-to-suit logistics warehouses in KEZAD to Aldar Properties for Dhs570 million on November 11.
