AD Ports Group has announced the sale of its 9.77% stake in NMDC Group PJSC to Alpha Dhabi Holding PJSC for AED 1.6 billion (US$436 million).
The stake was initially acquired by AD Ports Group from Abu Dhabi Developmental Holding Company (ADQ) prior to NMDC’s listing in February 2022. Over the past four years, this investment has delivered a total shareholder return of 17%, based on dividends received and capital gains, using its Q3 2025 book value as reference.
The divestment forms part of AD Ports Group’s strategy to actively manage its portfolio across all business clusters, monetising non-core assets when appropriate. This is the Group’s third divestment of non-core assets in 2025, following the sale of land in Khalifa Economic Zones – Abu Dhabi (KEZAD) to Mira Developments and two logistics warehouses in KEZAD to Aldar Properties.
Proceeds from the NMDC transaction, like those from the Mira Developments and Aldar Properties deals, will be used to de-leverage the Group’s balance sheet and redeploy capital into higher-return projects. As of 30 September 2025, AD Ports Group reported net debt of AED 17.0 billion.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said:
“This agreement with Alpha Dhabi reflects our ongoing commitment to intelligent asset management and value creation. The proceeds will strengthen our financial position and capital structure. Guided by the UAE leadership, we remain focused on efficiently managing our portfolio, deploying financial strength to enhance shareholder value, improve customer services, and fulfil our core mission of enabling trade. We will continue to actively manage our assets to unlock and maximise value.”
Hamad Salem Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, commented:
“This milestone acquisition highlights our commitment to investing in high-impact industrial sectors that support Abu Dhabi’s diversity and inclusion goals. Our strategy focuses on scalable opportunities aligned with national priorities and global trends, ensuring industrial growth is complemented by environmental responsibility and societal empowerment.”
Following this transaction, Alpha Dhabi Holding’s stake in NMDC Group will increase to approximately 77%.
Recent Non-Core Asset Divestments by AD Ports Group in 2025:
- October 2025: Sale of land in Al Mamourah, KEZAD, to Mira Developments for AED 2.47 billion ($673 million) to develop a large mixed-use community.
- 11 November 2025: Sale of two built-to-suit logistics warehouses in KEZAD to Aldar Properties for AED 570 million ($155 million).