AD Ports Group exits NMDC with 17% return

AD Ports Group, the UAE’s leading ports, logistics and trade-facilitation company, has announced the sale of its 9.77% stake in NMDC Group PJSC to Alpha Dhabi Holding for AED 1.6 billion (US$436 million).

The stake was originally transferred to AD Ports Group by Abu Dhabi’s ADQ ahead of AD Ports’ listing in February 2022. Over less than four years, the holding generated a total shareholder return of 17%, including dividends and capital gains.

This divestment is part of AD Ports Group’s ongoing strategy to actively manage its asset portfolio and monetise non-core assets when market conditions are favourable.

 It is the company’s third major divestment in 2025, following the sale of land in KEZAD to Mira Developments and the sale of two logistics warehouses to Aldar Properties.

According to the Group, proceeds from the transaction will be used to reduce debt — which stood at AED 17 billion at the end of Q3, and to reinvest in higher-return strategic projects.

Group CEO Captain Mohamed Juma Al Shamisi said the sale reflects AD Ports Group’s “commitment to intelligent asset management and value creation,” strengthening both its balance sheet and long-term capital structure.

Alpha Dhabi’s Managing Director and Group CEO, Hamad Salem Al Ameri, said the acquisition aligns with the company’s focus on high-impact industrial investments that support Abu Dhabi’s long-term economic diversification goals. With this purchase, Alpha Dhabi’s ownership in NMDC rises to around 77%.