Abu dhabi: AD Ports Group today announced the sale of its 9.77 percent stake in NMDC Group PJSC to Alpha Dhabi Holding PJSC for AED1.6 billion (US$436 million). The transaction marks a significant move in the group’s strategic asset management plan.
According to Emirates News Agency, AD Ports Group initially acquired its stake in NMDC from Abu Dhabi Developmental Holding Company – ADQ before NMDC’s listing in February 2022. Over less than four years, this investment yielded a total shareholder return of 17 percent, based on dividends and capital gains, calculated using the book value as of Q3 2025.
The sale is part of a broader strategy by AD Ports Group to actively manage its portfolio, capitalizing on opportunities to monetize non-core assets. This is the third divestment of non-core assets by the group this year, following the sale of land at Khalifa Economic Zones – Abu Dhabi (KEZAD) to Mira Developments and the sale of two logistics warehouses in KEZAD to Aldar Properties.
The proceeds from these transactions, including the NMDC sale, are earmarked for reducing the group’s debt and reinvesting in high-return projects. AD Ports Group reported a net debt of AED17.0 billion for the period ending 30th September.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, emphasized the group’s commitment to asset management and value creation, stating the proceeds will bolster the group’s financial standing. He reiterated the group’s focus on efficiently managing its asset portfolio to enhance shareholder value and service delivery.
Hamad Salem Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, remarked on the acquisition’s alignment with their investment strategy in high-impact industrial sectors that support Abu Dhabi’s economic diversity agenda. The acquisition increases Alpha Dhabi’s stake in NMDC Group to approximately 77 percent.
This divestment follows previous sales, including an AED2.47 billion ($673 million) land sale to Mira Developments LLC in KEZAD’s Al Mamourah district and a AED570 million ($155 million) sale of logistics warehouses to Aldar Properties.