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AD Ports Group Hires Financial Adviser for Abu Dhabi Developmental Offer

MT Newswires·08/21/2026 01:42:18
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01:42 AM EDT, 08/21/2026 (MT Newswires) -- Abu Dhabi Ports (ADX:ADPORTS), d/b/a AD Ports Group, said Friday that its board engaged HSBC Bank Middle East as financial adviser for Abu Dhabi Developmental Holding Co.'s takeover offer. Abu Dhabi Developmental recently launched a voluntary conditional cash offer to acquire all the shares of the port and industrial zones developer that it does not already own at 6.25 Emirati dirhams per share.